ICICI Cooling Period for Beneficiary Activation and Waiting Time for UPI, NEFT, RGTS, Cardless Transctions by iMbile App, and Net Banking at https://icicibank.com…
ICICI Bank helps to transfer money using Internet banking and the ICICI Bank Mobile App. Before sending money with an IMPS, NEFT, or RTGS transfer, you must first add a beneficiary to the transaction, but, it may take some time for activation. There is a Cooling Off of the time during which you may transfer specific money.
What is ICICI Bank Cooling Period
ICICI Bank provides money transfers by UPI, IMPS, NEFT, or RTGS , Once you have added a beneficiary activating may take some time, that’s call Cooling Period. Fund transfers allowed after completing the cooling period.
ICICI Beneficiary Activation Time
After adding the beneficiary using ICICI Net banking or the iMobile App, it must be enabled. Beneficiary activation takes 30 minutes at ICICI Bank, and another rule for adding beneficiaries is up to 10 per day.
ICICI Cooling Period
Please Note the ICICI Bank has No Cooling Period, you may transfer any amount within the transferring method limits after 30 minutes of a beneficiary activation.
- NEFT transfers are limited to Rs.10 lakhs.
- IMPS up to 2 lakhs.
- RTGS 2 lakhs and above.
ICICI Bank Cooling Period for UPI Transctions
UPI transactions have a limit. ICICI Bank allows 1 lakh transfers and 10 transactions per day.