ICICI Bank customers take note! This money transfer service will not be available for some time on December 14 & 15 – Times of India

Real-Time Gross Settlement or RTGS is an electronic fund transfer system.

ICICI Bank customers take note! ICICI Bank has announced a scheduled maintenance period that will affect the RTGS transactions, as per the bank’s e-mail alert to its customers.
During this maintenance window, both incoming and outgoing RTGS transactions will be delayed and processed after 06:00 a.m. IST on December 15, 2024, according to an ET report.
Real-Time Gross Settlement or RTGS is an electronic fund transfer system that processes transactions between bank accounts instantly.

ICICI Bank RTGS Downtime Timings:

Online transactions through ICICI Bank’s Internet Banking, iMobile Pay app, and Pockets app are free. Branch-initiated transactions have specific charges:
– Rs 20 + GST for amounts between Rs 2 lakh and Rs 5 lakh
– Rs 45 + GST for amounts between Rs 5 lakh and Rs 10 lakh
Fund transfers typically complete within 30 minutes of initiation. Customers can schedule RTGS transactions up to 3 working days in advance.
For RTGS funds transfer, customers must provide these essential details:

RTGS Transfer Process via ICICI Net Banking
Step 1- Access your account and register beneficiary
Step 2- Navigate to ‘Payments and Transfer’ and select ‘Funds Transfer’
Step 3- Choose ‘Add a Payee’, then select ‘Other Bank Payee’ under Beneficiary Type
Step 4- Input the account details or credit card number of the beneficiary
Step 5- Choose the appropriate IFSC by selecting bank and branch
Step 6- Select ‘Add’ followed by ‘Confirm’
Step 7- Complete OTP authentication. Upon successful verification, the payee becomes available for transactions.