ICICI Bank Online Banking - Fund Transfer Changes

ICICI Bank has made some very big changes to it's Online Fund Transfer service. It seems RBI has discontinued it's ETF service and now only the NETF service is available. This means you can no longer transfer funds to banks and branches that are not yet on the NETF service. For example the SBI branch in Cyber Towers, Madhapur is not on the NEFT service yet.

In addition to the above, ICICI Bank has introduced time restrictions. They will not accept transactions outside these timings:

NEFT Transaction Timing from Monday to Friday: Cut Off time 3:45 PM (IST).
NEFT Transaction Timing on Saturday: Cut Off time 11:45 AM (IST).

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