In today’s fast-paced financial environment, transferring large amounts of money instantly and securely is essential for both individuals and businesses. One of the most reliable systems for high-value transfers in India is RTGS (Real Time Gross Settlement). ICICI Bank, one of India’s leading private sector banks, offers a seamless RTGS facility with fast processing, strong security, and easy digital access.
This article explains ICICI Bank RTGS charges, timings, limits, and how to transfer funds, helping you make the most of this service.
What Is RTGS?
RTGS stands for Real Time Gross Settlement, a payment system regulated by the Reserve Bank of India (RBI). It allows funds to be transferred instantly and individually from one bank account to another.
Unlike NEFT, which processes transactions in batches, RTGS settles transactions in real time, making it ideal for:
- High-value business payments
- Property or investment transactions
- Vendor and supplier payments
- Urgent personal fund transfers
Funds transferred via RTGS are typically credited within minutes (usually within 30 minutes) of initiation.
ICICI Bank RTGS Charges
ICICI Bank follows a transparent fee structure, encouraging customers to use digital banking channels.
Online RTGS Charges
- Internet Banking: Free
- iMobile App: Free
ICICI Bank does not charge any fees for RTGS transactions initiated through online platforms like internet banking and mobile banking.
Branch RTGS Charges
For RTGS transactions initiated at a bank branch, the following charges apply (excluding GST):
| Transaction Amount | Branch Charges (Excl. GST) |
| ₹2 lakh – ₹5 lakh | ₹20 |
| ₹5 lakh – ₹10 lakh | ₹45 |
These charges are relatively minimal, but online RTGS remains completely free, making it the preferred option.
ICICI Bank RTGS Timings
Online RTGS
ICICI Bank offers 24×7 RTGS service, including Sundays and bank holidays, through digital channels.
This means you can transfer funds anytime — day or night — without worrying about banking hours.
Branch RTGS
For offline transactions at a branch:
- Monday to Friday: Around 10:00 AM – 4:00 PM
- Saturday: Limited hours (may vary by branch)
Even when initiated offline, RTGS transactions are processed in real time once authorized.
ICICI Bank RTGS Limits
RTGS is specifically designed for high-value transfers, and ICICI Bank follows RBI guidelines.
| Parameter | Details |
| Minimum Amount | ₹2,00,000 |
| Maximum Limit | Varies by platform |
Platform-Based Limits
- iMobile App: Up to ₹20 lakh per transaction
- Internet Banking: Typically up to ₹10 lakh (default limit)
Key Points
- Minimum RTGS amount is ₹2 lakh (as per RBI rules)
- Maximum limit depends on your banking channel and profile
- Corporate accounts may have higher limits
How to Transfer Money via RTGS in ICICI Bank
Follow these simple steps to transfer funds via RTGS:
Step 1 — Login
- Visit the official website: https://icici.bank.in/
- Login to Internet Banking or open the iMobile App.
Step 2 — Add Beneficiary
Go to Funds Transfer → Add Payee/Beneficiary and enter:
- Beneficiary Name
- Account Number
- IFSC Code (ICICI IFSC starts with ICIC0…)
Activation may take some time due to security verification.
Step 3 — Initiate RTGS
Once the beneficiary is added:
- Select RTGS Transfer
- Choose the beneficiary
- Enter amount (minimum ₹2 lakh)
- Add remarks (optional)
Step 4 — Authenticate
Confirm the transaction using:
- OTP (One-Time Password)
- Grid Card / Transaction PIN
Step 5 — Confirmation
After successful transfer, you will receive a UTR (Unique Transaction Reference) number. Save it for tracking and future reference.
Benefits of RTGS with ICICI Bank
- Real-time transfer: Funds credited quickly (often within 30 minutes)
- Zero online charges: Free via internet & mobile banking
- 24×7 availability: Even on holidays
- High transaction limits: Suitable for large payments
- Secure system: RBI-regulated and highly reliable
Important Tips for Users
- Double-check the beneficiary account number and IFSC code before confirming
- Use digital channels for free and faster transfers
- Keep the UTR number safe for tracking
- Add beneficiaries in advance to avoid delays
Conclusion
ICICI Bank’s RTGS service is a fast, secure, and efficient solution for high-value fund transfers. With zero online charges, round-the-clock availability, and quick settlement, it is ideal for both individuals and businesses handling large transactions.
For the best experience, always use internet banking or the iMobile app — ensuring your transfers are not only instant but also completely free.
