ICICI bank is one of the best private banks in India which offers online funds transfers from one account to another and this feature can help you out in saving tonnes of time, paper works and resources. This feature helps you to move any amounts of funds from one account to another and this feature is not only limited to ICICI Bank to ICICI Bank but to any online banks in India, just the funds accepting bank branch should have EFT[Electronic Funds Transfer] feature activated. Earlier in 2007 RBI announced that the EFT transfer system would be stopped but its not yet stopped and you can still transfer your funds from one account to another easily. One of the recently added feature with ICICI bank is Request Funds Feature where in you can send a money request and get the funds in your account.
Now lets work out on some simple steps in transfering funds from one account to another.
Logging into ICICI Bank Account : Click on this link to access the secured page. Click on the desired option which is relevant to the type of your account : Savings Account, Current Account etc- You will be directed to a page from where you can login to your account with the password you would have recieved with the ICICI bank welcome kit. Enter the details and login and you will be redirected to the Account Summary Page
- Once you are logged in you will find a menu on the left hand side from which you need to select the ‘Funds Transfer’ option from which you can transfer eCheques : Now you can transfer funds to any person(Payee) of your choice in India using the ICICI Bank eCheques
- You will be given with 3 options – Transfer funds to your own ICICI Bank Accounts, Transfer funds to any ICICI Bank Account across India & Transfer funds to any of the specified non ICICI Bank Accounts with specified Banks across India, select the option which is relevant to your transaction.
The next option is to Add Payee using which you need to add the recievers account details and confirm them. Here you need to add the Payee Account Number twice , Account Name and you will be notified instantly via SMS with a confirmation number. The next step would be to going back to the Funds transfer main page and Confirming the payee.- Once the confirmation is complete in the Confirm Payee page you can send the funds to any bank account instantly or schedule the funds to be transferred for later time.
Notes : Make sure you complete the whole process on a personal computer and not in a public internet cafe because thats a unsecured zone and you have chances to lose all your logins or financial information. Never press the backspace button in your keyboard once you are logged into your account because in that case the account gets session out and you need to relogin and complete the whole process again. Cross check and reconfirm the payee information because the funds once transferred cannot be reverted back or cancelled and the only option would be to contact the branch manager in case of any mistakes.
Nice post and tips there 🙂
I got ICICI bank account only. I like that bank best!
There should be an option to view the
details of the payee, like name and address when you are adding a payee.
This will help user to confirm that the added payee is the desired one.
I don’t think so there is any kind of security issue in that, because some other banks are doing this like AXIS bank.
Hello Sir/Madam,
Also want to know is there any fees for doing foreign transactions.
Looking forward for your reply,
Thanks and Regards,
Sumeet Vadnere
ARE THEY CHARGING ANY BUCKS FOR TRANSFERING FUNDS FROM ICICI ACC TO NON ICICI ACC
ICICI Bank is the one of the most trustable bank in India.
I am glad because of having an ICICI a/c.
ICICI also provides Phone banking facility.
Bank in your cell.
Amazing
There is no any chance to fraud in the same.
The power of belief.
I want to know how we can transfer funds from current account to any other account.
i, I want to know how much time it takes to move the funds to a non-ICICIbank once after i transfer an amount from icici through online.
a.c
Hi,
I am wondering, Why I can not transfer money from my ICICI to AXIS via online even if a Axis bank branch Available in my place. MY location is TIRUPUR. Please let me know how ASAP…
Thanks,
m a d h u
Try using “Accounts to Card” in that case. If you have a Axis Bank Debit Card with a Visa Logo on it, you can use the service.
Go online to ICICI Bank and select “Account to Card Transfer”. Enter your Axis Bank Debit Card number and you can start making payments online.
Only problem is that service takes two-three days. But if you’re using cheques anyways, its not so bad.
Kindly provide me information about fund transfer charges ICICI to ICICI & ICICI to other bank account.
it’s free
How do we receive the payee reg no if we dont have a mobile number? Can i get it by mail? Thats how it works in City bank.
mobile number must be required.
How much time it takes to transfer money from icici account to non icici account through Net banking?
If anyone having experience on this pls tell me the min & max time it will take to credit into Indian bank account from ICICI through net banking ?
min 2 hours
Max 24 hours
There is No Charge for ICICI Netbanking and Inward Fund Transfer Charges. ICICI removed those charges.
If you are online and have little time, NEFT based transfers is a good option.
However, for those who may not have the NEFT related information like IFSC code and can wait for transfer to complete in about 2-3 days, they must consider Visa Money Transfer.
Visa Money Transfer allows a payment into any Visa Card. When the payment is addressed to a Visa Debit Card, it serves as a bank account transfer linked to the Debit Card.
When the payment is made to a Visa Credit Card, it is treated as a bill payment.
To know if you have a Visa Card, just check for the Visa logo in the bottom right corner of your Debit / Credit Card.
Its really simple to use. Just enter the Visa Card number and amount and the transaction will be complete.
I like the service because I can use it from my SBI Bank ATM as well. So I dont necessarily need to have internet access.
The service is available in many banks, of which I have seen / used them from SBI, ICICI Bank, HDFC Bank, Axis Bank, HSBC, SCB, IDBI and Kotak. Most of these banks do not charge for this service.
The payment can be made to any bank account linked to a Visa Card.
The only problem is that it takes 2-3 days. In case you are using a cheque or making Credit Card bill payments, thats not too bad and you should consider using this service.
Wow great very nice post……very informative one for all customers…..
I have certain doubts How much time it takes to transfer money from icici account to non icici account through Net banking?
minimum 2 hours
Is there any transaction fee involved when funds transfered from ICICI to Non-ICICI bank?
no dear…
Everything is free through icici net banking
Khayaal Aapka
Hello friends,
I suggest all of you to try to use I-mobile facility of ICICI Bank.
It’s safe and secure.
You can transfer the fund, recharge your mobile, check the last 5 transactions, check balance, put a request for new cheque book, stop payments, locate ATM & Branches and much more…
Free of charge.
Bank in your cell
Khayaal Aapka
my friend from Australia tried to transfer fund thru his nri ac to my ac at obc but its showing some error,i had given my ac no,IFSC code bank details etc,is their any problem with icici and obc
Hi Amit,
Please send us your contact details at [email protected] & we’ll get in touch with you asap.
Regards,
ICICI Bank Customer Service Team.
hi
please tell me how much time it will take to transfer the amount from my ICICI account to other ICICI account . .
i have transferred an amount to a non icici bank from my icici acc using the online transfer funds and the money has been transferred and recieved by the other person. now can i reverse my money back to my account since i dont want the money to be paid to him?
how is the maximum amount one can transfer from icici bank to non-icici bank using Online Fund Transfer Facility and NEFT facility?
A very informative article. Thanks a lot for sharing this.Good Work. Keep it Up.