ICICI Beneficiary Activation Time And Cooling Period

ICICI Beneficiary Activation Time And Cooling Period

ICICI offers Internet banking and a mobile app for money transfers. Before you may make an IMPS, NEFT, or RTGS transfer, you must first add a beneficiary. However, activating a beneficiary in ICICI Bank takes time once you add one.

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There is also a cooling period during which you can send a certain amount of money. We will learn about the ICICI Beneficiary activation time and the ICICI Beneficiary cooling period in this article.

ICICI Beneficiary Activation Time

ICICI Beneficiary Activation Time And Cooling Period

You must wait for the beneficiary to be activated after adding it through ICICI net banking or the iMobile App. In ICICI Bank, beneficiary activation takes 30 minutes.

Another rule for adding beneficiaries is that you can add up to ten in a single day.

ICICI Cooling Period

There is no cooling period with ICICI, therefore you can transfer any amount within the transferring channel restrictions after 30 minutes of activation.

For NEFT transfers, you can transfer up to Rs. 10 lakh.

Up to Rs. 2 lakhs for IMPS

RTGS – From Rs. 2 lakhs and upwards

Visit the website for additional information click here

Limit for UPI

UPI transactions are subject to a limit. You can transfer 1 lakh per day and make 10 transactions per day with ICICI.

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