ICICI Bank IMPS Charges

Last Updated : June 30, 2025, 2:43 p.m.

The Immediate Payment Service (IMPS) is a swift, secure, and round-the-clock fund transfer system in India, enabling real-time transactions any day of the week, including holidays. Operated by the National Payments Corporation of India (NPCI) and overseen by the Reserve Bank of India (RBI), ICICI Bank’s IMPS facility ensures instant money transfers for both personal and business needs.

Whether paying suppliers, settling bills, or sending funds to loved ones, IMPS offers unmatched convenience.

ICICI Bank IMPS Fees in 2025

For 2025, ICICI Bank’s charges for outward IMPS transactions are as follows (inward transfers are free):

• Up to ₹1,000 : ₹2.50 + GST
• ₹1,001 to ₹25,000 : ₹5 + GST
• ₹25,001 to ₹5 lakh : ₹15 + GST

ICICI Bank IMPS Transaction Limits in 2025

ICICI Bank’s Immediate Payment Service (IMPS) facilitates instant, 24/7 fund transfers with specific daily limits based on the transfer method. Managed by the National Payments Corporation of India (NPCI), these limits align with RBI guidelines. Below are the ICICI Bank IMPS transaction limits for 2025:

• MMID-Based Transfers : ₹5,000 per day (using mobile number and Mobile Money Identifier).
• Account-Based Transfers : ₹5 lakh per day (using account number and IFSC code).
• Aadhaar-Based Transfers : ₹5 lakh per day, subject to KYC compliance and Aadhaar linkage.

How to Transfer Money via ICICI Bank IMPS?

ICICI Bank provides multiple platforms for IMPS transfers. Below are the steps for each method.

Method 1: iMobile Pay App

1. Log In : Download the iMobile Pay app from Google Play or the App Store and sign in with your credentials or MPIN.
2. Add Beneficiary :
   • Go to “Fund Transfer” > “Add Payee.”
   • Select “IMPS” and enter:
     • Account-Based : Beneficiary’s account number, IFSC code, and name.
     • MMID-Based : Recipient’s mobile number and 7-digit MMID.
     • Aadhaar-Based : Recipient’s Aadhaar number.
   • Verify with OTP. Beneficiary activation takes ~30 minutes.
3. Initiate Transfer :
   • Select “IMPS” under “Fund Transfer.”
   • Choose the beneficiary, enter the amount, and add a remark (optional).
4. Authenticate : Confirm with OTP or MPIN.
5. Submit : Review details and submit. Funds transfer instantly, with SMS/email confirmation.

Method 2: Net Banking

1. Log In : Visit ICICI Bank’s net banking portal (https://www.icicibank.com) with your user ID and password.
2. Add Beneficiary :
   • Navigate to “Payments & Transfer” > “Add Payee.”
   • Choose “IMPS” and input account number/IFSC, mobile number/MMID, or Aadhaar number.
   • Authenticate with OTP. Activation takes ~30 minutes.
3. Start Transfer :
   • Select “IMPS,” pick the beneficiary, and enter the amount.
   • Add a remark (optional).
4. Authenticate : Verify with OTP or grid card details.
5. Submit : Confirm and submit for instant transfer.

Method 3: ATM

1. Visit an ATM : Insert your ICICI Bank debit card and enter your PIN.
2. Select Fund Transfer : Choose “Fund Transfer” > “IMPS.”
3. Enter Details : Input the beneficiary’s account number, IFSC code, and amount (MMID-based transfers may not be available at all ATMs).

Confirm : Verify and submit. Funds transfer instantly, with a transaction receipt.

Benefits of ICICI Bank IMPS

• Instant Processing : Funds are credited immediately, ideal for urgent needs.
• Round-the-Clock Service : Transfer anytime, anywhere.
• Versatile Options : Use account/IFSC, mobile/MMID, or Aadhaar.
• Secure Transactions : Protected by OTP/MPIN authentication.
• Cost-Effective : Low charges, with waivers for premium account holders.

Key Considerations

• Limits : ₹5,000 daily for MMID-based transfers; ₹5 lakh for account/Aadhaar-based transfers.
• Charges : Confirm fee waivers for your account type (e.g., Wealth or Privilege).
• Accuracy : Incorrect details may lead to failed transfers. Contact ICICI Bank immediately for assistance.
• Technical Delays : Rare delays may resolve within 5 working days.

Conclusion

ICICI Bank’s IMPS service in 2025 offers a reliable, instant, and secure way to transfer funds, with charges ranging from ₹2.50 to ₹15 + GST. Whether for personal or business needs, the iMobile Pay app, net banking, or ATMs provide flexible options. Premium account holders may benefit from fee waivers, enhancing affordability.