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Can you tell me about the timing for National Electronic Funds Transfer (NEFT) Transfer in ICICI Bank? Also tell me about its Service Charges for NEFT Transactions?

[Vishal Kotkar]

ICICI Bank is India's largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. It currently has a network of 4,850 Branches and 13,660 ATM's across India.

Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies.

ICICI Bank's Board members include eminent individuals with a wealth of experience in international business, management consulting, banking and financial services.

ICICI Bank is deeply engaged in human and economic development at the national level. The Bank works closely with ICICI Foundation across diverse sectors and programs.

ICICI NEFT

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under it, one can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in India participating in the Scheme.

One can use NEFT service to transfer funds anywhere using the following modes:
Internet Banking
iMobile
m.dot
Pockets
icicibankpay

NEFT Transaction Timings
Monday to Saturday
(Except 2nd and 4th Saturday)
8:00 AM to 6:30 PM

Transaction or Service Charges for NEFT Transactions

Transaction Charges NEFT
Amounts upto Rs 10,000 Rs 2.50 + Service Tax
Amounts above Rs 10,000 and upto Rs 1 lakh Rs 5 + Service Tax
Amounts above Rs 1 lakh and upto Rs 2 lakh Rs 15 + Service Tax
Amounts above Rs 2 lakh and upto Rs 5 lakh Rs 25 + Service Tax
Amounts above Rs 5 lakh and upto Rs 10 lakh Rs 25 + Service Tax