All applicants will use RTGS form to Transfer the amount minimum 2 lakhs and a maximum of 10 lakhs per day and NEFT form to transfer the amount minimum Rs.1 and maximum 10 lakhs per day. RTGS and NEFT systems are maintained by the Reserve Bank of India. ICICI bank Inter-Bank Transfers can be done in two ways there are RTGS and NEFT. RTGS means Real Time Gross Settlement and NEFT means National Electronic Fund Transfer. Here you can find Application for fund transfer through RTGS / NEFT ICICI Bank PDF format free download.
We need to following details to fill the application for fund transfer through RTGS / NEFT ICICI Bank :
| Details of Applicant (Remitter) | Details of Beneficiary |
| Account Number | Beneficiary’s Name |
| Cheque Number | Account Number |
| Remitter’s Name | Bank Name |
| Address | IFSC Code |
| Mobile / Other Number | Branch Address |
↓Download ICICI Bank RTGST / NEFT form PDF format
The acronym ‘RTGS’ stands for Real-Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time.’ Gross Settlement’ means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the fund’s settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme
The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs 2 lakh. The maximum limit is Rs 10 lakh per day
RTGS Charges – Outward transactions
Amount above Rs 2 lakh upto Rs 5 lakh – Rs 20 + Applicable GST
Amount above Rs 5 lakh upto Rs 10 lakh – Rs 45 + Applicable GST
RTGS Timings :
Under normal circumstances, the beneficiary branches are expected to receive the funds in real-time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary’s account within 30 minutes of receiving the funds transfer message.
Funds are not credited to the beneficiary’s account :
If the funds are not credited to the beneficiary’s account for any reason like account does not exist, the account is frozen, etc., the funds will be returned to the originating bank within one hour or before the end of the RTGS Business day, whichever is earlier.
| Transaction Charges | NEFT Charges (At Branch) | RTGS Charges (At Branch) |
| Amounts up to Rs 10,000 | Rs 2.25 + Applicable GST | Not Applicable |
| Amounts above Rs 10,000 and up to Rs 1 lakh | Rs 4.75 + Applicable GST | Not Applicable |
| Amounts above Rs 1 lakh and up to Rs 2 lakh | Rs 4.75 + Applicable GST | Not Applicable |
| Amounts above Rs 2 lakh and up to Rs 5 lakh (Incl. Rs 2 lakh for RTGS) | Rs 24.75 + Applicable GST | Rs 20 + Applicable GST |
| Amounts above Rs 5 lakh and up to Rs 10 lakh | Rs 24.75 + Applicable GST | Rs 45 + Applicable GST |