ICICI Bank Credit Card Bill Payment Through IMPS and NEFT

Paying your ICICI credit card bill on time can help you avoid late fees and ensure that your credit score remains healthy. ICICI Bank provides two very convenient options for its users: Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT). Both methods allow for seamless ICICI Bank credit card bill payment through IMPS and NEFT without having to visit a branch.

With IMPS, you can make payments even outside regular banking hours. In contrast, ICICI Bank credit card payment made via NEFT is processed in half-hourly batches as per RBI's schedule. You are free to use internet banking or mobile banking to access these transfer facilities, making bill payments easy and secure. Understanding how IMPS and NEFT work can help you choose the most suitable method to manage your ICICI credit card payments smoothly.

Here is a simple, step-by-step guide to help you pay your ICICI Bank credit card bill using IMPS quickly and easily:

1. Log in to your bank’s internet banking facility or mobile banking app

2. Select the ‘Funds Transfer’ option and choose ‘IMPS’ as your preferred method of payment

3. Enter your ICICI Bank credit card number as the beneficiary account number

4. Provide the IFSC code for ICICI Bank, which is ICIC0000103

5. Enter the amount you want to pay and carefully confirm the details you have entered

6. Click on ‘Submit’ to complete the transaction

          Once the payment is processed, you will receive an instant confirmation via SMS or email.

One of the primary benefits of paying your ICICI Bank credit card bill through IMPS is the instant processing time. Any payments made via IMPS are transferred to your credit card account almost immediately, including on weekends and bank holidays. This instant settlement facility ensures that your payments reflect without any delay and helps you avoid late payment charges. IMPS transfers are done on a real-time basis, allowing you to conveniently manage last-minute payments with ease and maintain a healthy credit score.

Here are the key points about the ICICI Bank IMPS facility:

• The daily transaction limit for IMPS payments through ICICI Bank is up to ₹5 Lakhs per day

• IMPS is available to NRIs as well

• There are no transaction fees for IMPS payments made using internet banking or mobile banking

• Charges may apply if you initiate IMPS payments through an ICICI Bank branch or ATM

• Limits differ based on transaction methods; ensure you choose the appropriate one based on your payment requirements

Here is why paying your ICICI Bank credit card bill via NEFT can help simplify your bill payments:

Widely Accepted Method

NEFT is a widely used payment method that is accepted across all banks in India. You can easily pay your ICICI Bank credit card bill from any bank account.

Convenient and Easy to Use

You can initiate an NEFT transfer using internet banking or mobile banking at your convenience. This allows you to make payments from the comfort of your home without having to visit the bank’s branch.

Secure Transactions

NEFT transactions are protected by secure banking protocols and can help reduce the risk of errors or fraud. You can safely manage your credit card bill payments, knowing your money is secure.

Reliable and Traceable Payments

Every payment made via NEFT will generate a unique transaction reference number. This makes tracking your payments convenient and easy, providing clarity for future reference.

Cost-effective

ICICI Bank does not charge any fees for NEFT transactions initiated online. This can help you save money on transaction charges when paying your credit card bill.

To make ICICI Bank credit card payment through NEFT, follow these steps:

1. Log in to your bank’s net banking account

2. Add ICICI Bank as a beneficiary using the following details:

• Beneficiary Name: The name that appears on your ICICI Bank credit card

• Account Number: Your 15-digit ICICI Bank Credit Card number

• IFSC Code: ICIC0000103

• Bank Name: ICICI Bank

• Branch: ICICI Bank, Mumbai

1. Initiate the NEFT transaction once the beneficiary has been successfully added

2. Enter the amount you wish to pay and complete the payment process

3. The payment will be credited to your credit card within one working day, subject to standard NEFT settlement times

ICICI Bank processes NEFT transactions in line with the Reserve Bank of India’s batch-based schedule. NEFT runs 24x7 in 48 half-hourly batches each day, including Sundays and bank holidays.

Once the NEFT transfer is initiated from your bank, the amount is typically credited to your ICICI Bank credit card in the next available settlement batch. However, the actual posting time may vary slightly based on the initiating bank’s internal processes.

To avoid late fees or interest, consider making the payment at least one working day before the due date.

 

Here are the key points about the ICICI Bank NEFT facility:

• NEFT transactions can be done 24x7 via internet and mobile banking, including weekends and holidays

• You can transfer up to ₹10 Lakhs per transaction through a branch

• There are no charges for NEFT transactions made using ICICI Internet Banking or iMobile Pay

• Branch transactions incur nominal charges depending on the amount transferred

• NEFT payments are processed in near real-time, with most credits happening within a few hours