Simple ways to transfer money without adding a beneficiary in ICICI Bank account. How to send money without adding beneficiary in ICICI?. How to Send Money Instantly without Adding Beneficiary through Phonepe UPI APP
Send Money Without Adding Beneficiary in ICICI Bank Account
An account beneficiary is a significant party who receives the money debited from your account. The bank requires the accountholders or creditor to add the beneficiary details before any transaction. Once added, the system verifies and activates the information. The process is quite tedious and inconveniencing to many account users. Sometimes one might require an instant money transfer to other accounts.
The ICICI bank has designed facilities that allow instant money transfers to solve such emergencies. The account user gets the privilege to send money without adding a beneficiary. This saves uses from the activation waiting time. To enjoy the service, the ICICI account holder requires an internet banking service or ICICI iMobile app to transact the funds. Note all the services require the user’s registered mobile number with bank account.
Ways to Transfer Money Without Adding Beneficiary in ICICI
The ICICI bank provides two simple methods for ICICI customers to transfer funds freely without adding a beneficiary.
- Through UPI
- Using ICICI Quick transfer facility.
Bank users with internet banking and the iMobile app can transact money quickly and effectively through UPI and Quick transfer facility. The process is quite similar on the mobile app and net banking page.
How to Send Money Without Adding Beneficiary in ICICI Bank Account
Transferring Money Using The ‘Quick money’ Facility Without Adding a Beneficiary
The user can opt to use the Quick money facility in mobile app or internet bank platforms. However, the service attracts some charges of Rs. 5 and a GST of 18% (5.90).
Transferring money using the 'Quick money' facility without adding a beneficiary. The user can opt to use the Quick money facility in mobile app or internet bank platforms. However, the service attracts some charges of Rs. 5 and a GST of 18% (5.90).
- Navigate to ICICI website page www.icicibank.com
- The login page will open
Enter your user ID and password to log in.
- On the account page, select the “payment and transfer” option
Click “fund transfer” to open a new page.
- Now, click the “Quick fund transfer” button
Next, select the tab “TO ICICI bank” or “TO other bank accounts
- Enter the following details:
Receivers Account number
Amount to send
Payee bank IFSC code
- Review the details, and if correct, click the “submit button.
Now click the play button to proceed
- The system will send an OTP to your mobile number
Use the OTP to authenticate the details and click submit button.
- To verify your debit grid
Enter the number to complete the process
- Note the debit grid is indicated at the back of the ICICI debit card
The process is conducted using the IMPS method.
How to Transfer Funds Using UPI Method Without Adding A Beneficiary
UPI money transfer is also a fast and convenient platform ICICI bank uses. It is easily compatible with internet banking, mobile banking, and other bank-related facilities. Here we use the PhonePe app as the UPI payment platform.
- On your Mobile Hone, Open the PhonePe App.
- For new users, download and install the PhonePe app on your device.
- On the app select “to bank” option >click + button.
- Next, enter the payee bank name from the menu list.
- Key in the following:
- Account number (confirm)
- IFSC code
- Account holder’s name
- Receiver’s mobile number
- The nickname of the account.
- Recheck the details and select the “confirm” button to complete the transaction.
The ICICI bank allows for Rs. 10 000 money transfer for ‘Quick money transfer’ the least amount should be Rs. 100 using the same platform. ICICI customers can also enjoy money transactions of Rs. 1 lakh per day. The user gets a maximum of 10 transactions. Some banking platforms charge a processing fee; the user can check on the best service to use.
- Can I cancel a UPI payment?
It's challenging to cancel a UPI money transfer after entering the UPI PIN and submitting it. The facility is instant and is not reversible.
- Can I send money without adding beneficiaries?
The ICICI bank provides users with UPI and Quick money transfer (IMPS)methods to send money to other bank users.
- ICICI Bank Net banking Page
For more details about How to do quick fund transfer without adding payee Beneficiary in ICICI Bank online visit ICICI Bank official website link https://www.icicibank.com/