ICICI Bank will carry out pre-scheduled maintenance work in the bank from 11:55 pm on 14 December 2024 to 6:00 am on 15 December 2024. During this time, the RTGS i.e. Real Time Gross Settlement Service of the bank will be affected. The customers of the bank will not be able to use the service of RTGS during this time.

ICICI Bank customers can use this service during this time

During this period, ICICI Bank customers can use NEFT, IMPS and UPI services through iMobile app or internet banking.

What is RTGS?

RTGS is an electronic funds transfer method that provides real-time and instant settlement of large payments between bank accounts.

What are the RTGS charges of the bank

There will be no charges on RTGS transactions done online through Internet Banking, iMobile Pay, Pockets App.

₹20 + GST ​​will be charged for RTGS transactions from ₹2 lakh to ₹5 lakh from bank branch.

A charge of ₹45 + GST ​​will be applicable on transactions between ₹5 lakh and ₹10 lakh. Customers are advised to complete their required RTGS transactions before this deadline.

ICICI Bank FD interest rate – on FDs up to Rs 3 crore

• 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
• 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
• 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
• 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
• 271 days to less than 1 year: For general public – 6.00%; For senior citizens – 6.50%
• Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent
• 15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent
• 18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 percent
• 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
• 5 years 1 day to 10 years: For general public – 6.90 per cent; For senior citizens – 7.40 per cent.
• 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

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But sometimes customers also face such a situation that it fails on doing NETF or RTGS or any kind of money transaction from their account. Money does not reach the beneficiary’s account after the transfer. So what to do in such a situation? Let’s know the rules.

What if NEFT transaction fails?

In NEFT or National Electronic Fund Transfer, it usually takes 15 minutes for the money to arrive in the beneficiary’s account. In some cases it may take longer than this. Enough is enough, the beneficiary can get the money in two hours. But if there is something wrong then the money may not be credited at all. It is possible that the customer has wrongly entered the account number and other details of the beneficiary. If the details are not wrong and still the money has not arrived, then you can wait for some time and see. In these cases, either the money comes within two hours or the bank returns the money to your account. If this does not happen then you should go to the bank.

Will the bank pay the fine?

According to RBI rules, if the beneficiary’s account is not credited within two hours of the transaction, or the money is not returned to the sender’s account, then the bank has to pay a penalty. Without waiting whether the customer lodges a complaint on his behalf or not, the bank has to pay a penalty of 2% to the customer’s account for the number of days the bank is late with the RBI’s LAF (Liquidity Adjustment Facility) Repo Rate. Right now the LAF Repo Rate is running at 6.50%. On adding 2% to this, the bank will have to pay a penalty of 8.50%.

What if RTGS transaction failed?

Almost the same rules apply for this type of transaction. Usually, after the transfer is completed from the sender’s bank account, the money is transferred to the beneficiary’s account in real time.

The beneficiary bank has to credit the amount to the beneficiary’s account within the next 30 minutes and send the message, but in case the beneficiary does not receive the amount, the beneficiary bank will either credit the amount within 1 hour of receiving the transaction receipt on the payment interface Money has to be sent to the sender’s bank within or before the end of the RTGS business day, after which the bank sends it back to his account. Here also the bank has to pay the penalty. On adding 2 percent to the 6.50% LAF Repo Rate, the bank will have to pay a penalty of 8.50%.

What if the details of the beneficiary were wrongly given?

If the customer had given wrong account details of the beneficiary, then he can put a written application in the bank regarding this and ask for cancellation of the transaction. You are not trapped in such a situation, for this it is necessary to check the account number and other details very well while doing the transaction.

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You would think that when money can be sent online from everyone, then what is the difference between them and which option would be right to use for which type of transfer.

Actually, most of the people who transfer money online still have confusion about it. However, all these three options allow you to transfer money safely and fast. Despite this, there is a big difference between these three options and it is very important for you to know their features.

RTGS is the way for big transfers

Banks have also given the option to transfer money online through Real Time Gross Settlement (RTGS). This route is used to transfer large funds that require immediate remittance. Only funds above Rs 2 lakh can be transferred through RTGS.

It transfers money on real time basis. For example, here you clicked and there the money will be deposited in the account of the person in front. However, the benefit of this facility is available only on working days from 8 am to 4.30 pm. However, you may have to pay some transaction charges for this facility.

NEFT provides not one but four facilities

National Electronic Fund Transfer (NEFT) is also a very easy way to transfer money online. Through this you can send money anywhere within the country. There is no limit to send minimum and maximum money in this option. Not only this, no charge has to be paid for this. You will get this facility 7 days a week and 24 hours. Not only can you transfer money through NEFT, but you can also complete credit card bill, loan payment and foreign exchange work.

If you want to send money immediately, then IMPS

facility is also useful for sending money online. If you have to send money to someone’s account immediately, then take advantage of the Immediate Payment Service (IMPS). This option gives you the convenience of sending money at any time. Money can be sent through IMPS even on holidays. In this also there is no limit to send maximum and minimum money.

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The reason for this is annual closing. In this regard, the central bank has issued a release on 21 March. Actually, the financial year 2022-23 will end on 31st of this month. That’s why RBI has told the banks that all the transactions related to the government of this month should be settled by 31st March. He has asked the banks to take special care for this. The financial year in India starts from 1st April and ends on 31st March of the next year.

RBI’s press release said, “All agency banks will have to keep their designated branches open for government related over the counter transactions till normal working hours on March 31.” The central bank has also said that transactions through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems will continue till 24:00 (12 midnight) on March 31.

The release also said that special clearing will be conducted for collection of government cheques, for which the Department of Payment and Settlement Systems (DPSS) will issue necessary instructions. DPSS comes under RBI. The reporting window for reporting Central and State Government transactions will remain open on March 31 till noon on April 1. These will also include GST/TIN2.0/e-receipts luggage files.

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Although this step can greatly benefit the customers. In fact, IDFC First Bank has announced Zero Fee Banking on December 17 on savings accounts. With this, charges have been waived on 25 commonly used banking services.

Banking services announced

include cash deposit and withdrawal at branches, third party cash transactions, demand draft, IMPS, NEFT, RTGS, check book, SMS alerts, interest certificates, insufficient balance for ATM transactions, international ATM usage etc. Are included. The bank has announced this facility on the occasion of its foundation day on 18th December.

People will get benefits

The bank said that customers maintaining an average monthly balance of Rs 10,000 as well as Rs 25,000 in AMB (Average Monthly Balance) savings account will enjoy these benefits. This will benefit all customers and especially those with low financial literacy who find it difficult to calculate fees and charges, the bank said.

IDFC FIRST Bank 25 ZERO Fee Banking Services.

1. Number of cash transactions (cumulative of deposits and withdrawals) at branches per month.

2. Value of cash transactions at branches (cumulative of deposits and withdrawals).

3. Third-party cash transaction fee at branches (cumulative of deposits and withdrawals).

4. Demand Draft/PO (Issue Fee) – At Bank Location

5. IMPS Charges per Transaction- Outward

6. NEFT Charges per Transaction – Outward (Branch)

7. RTGS Charges per Transaction – Outward (Branch)

8. Check Book Charges

9. SMS Alert Charge

10. Issue of duplicate statement

11. Passbook Charges

12. Balance Certificates (fee per certificate)

13. Interest Certificate (fee per certificate)

14. Closure of Account (from the date of opening of account)

15. ECS Return Charge

16. Stop Payment Charges

17. International ATM/POS Transaction Charges

18. Charges for insufficient balance per ATM transaction

19. Standing Instruction Charge

20. Manager Cheque/Demand Draft Cancellation/Revalidation

21. Photo Verification Fee

22. Signature Verification Fee

23. OLD RECORDS/COPY CHARGES OF PAID CHECKS

24. Address Verification Charges

25. Any delivery returned by courier for negative reasons

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Apart from this, a new portal has been created by the Income Tax Department for form correction and income tax return filing. Apart from all these amendments, the Income Tax Department has also unveiled a new system for paying taxes (itr filing) . Taxpayers can now pay their taxes using credit card or UPI as well

Any taxpayer can pay his taxes on the NSDL website using the facility provided by the Income Tax Department with the help of a debit card issued by an authorized bank and net banking from 16 banks.

If you’re in this situation and don’t have an account with one of these banks, paying your taxes can be difficult, but you don’t need to worry.

Pay through these also As part of the new service provided by the Income Tax Department, apart from debit cards, tax payments can also be made through credit cards, online banking, pay-at-bank counters, UPI, RTGS and NEFT. Could

How to pay using UPI and Credit Card?

• First of all login to the e-filing portal using your username and password.
• Now from the menu of the e-file portal, select the new payment option under the e-pay tax option.
• Select the type of tax you want to pay and then proceed.
• Select the assessment year and the tax year for which you want to make the payment.
• After that, provide the details on the tax breakup which includes the details of tax, surcharge, cess etc.
• Now, you can pay using Credit Card, Net Banking Account, Bank Branch, UPI, RTGS or NEFT.
• Any of these payment methods can be used to pay taxes.
• Download e-invoice as soon as the payment is done. In addition, the Income Tax Department will send you postal and SMS notifications on tax payments.

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Changes in the rules of RTGS

According to the information given by PNB, the RTGS charges have been reduced to Rs 24.50 for offline transactions and Rs 24 for online transactions, as against Rs 20 for offline transactions at the branch level earlier. Apart from this, RTGS fee has also been reduced. For amounts of Rs 5 lakh and above, it has been increased from Rs 40 to Rs 49.50 earlier. Its online fee has been reduced to Rs 49

Change in charges of NEFT

The charges for National Electronic Funds Transfer (NEFT) operated by Reserve Bank of India have been changed. According to the information given on the website of PNB, ‘No fee is charged from the savings account holders for the NEFT fund transfer initiated online.’ Let us tell you that NEFT charges are applicable on other than savings accounts and transactions taking place outside PNB.

Know the new charges

According to the information given by PNB, the NEFT charges for transactions up to Rs 10,000 increased to Rs 2.25 from Rs 2 earlier. The online fee for this has become Rs 1.75.

Under this, the fee for transactions at branch level has been increased from Rs 4 to Rs 4.75 for transaction amount above Rs 10,000/- and up to Rs 1 lakh, while the fee for online transactions has been fixed at Rs 4.25.

At the same time, charges above Rs 1 lakh and up to Rs 2 lakh have been increased from Rs 14 to Rs 14.75 and for online transactions to Rs 14.25. For transactions above Rs 2 lakh, it has been increased from Rs 2 to Rs 24.75.

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