Close Menu

    Check your transaction history with a bank statement

    0
    By on Business

    Do you know we can check all our transactions with a few clicks? Now, you don’t have to go to the bank to update your passbook just to get your transaction details or your account balance. One of the great banking instruments that will help keep track of your banking activities is the bank statement. A bank statement is a summary of all the activities you carry out on your bank account. It shows the details of deposits, withdrawals, fund transfers and any interest that is credited to your account. It also shows how much money you had at the start and end of the duration you selected. If you paid any fees for your transactions, those will be there too. You can get this statement online on the bank’s website or get it in the mail as a document. It helps you keep track of what’s happening with your money!

    In this article, we will see how we can get a Bank of India statement. 

    Registration for Bank of India statement

    Customers of Bank of India can register for e-statements by registering their email ID with the Bank. You can do it online if you have access to the Internet Banking Service. You can follow the step-by-step registration guideline given below: 

    • If you are already registered for Internet banking, log into the net banking account with login credentials that are your user ID and Password.
    • There will be some options available on the screen. Click on the “My Profile” tab.
    • Then, tap on ‘Update Email Address’ and enter the email ID you wish to register.
    • After that you will get an OTP sent to your registered mobile number.
    • You should enter that OTP and click ‘Continue’.
    • The email ID will be registered shortly.

    After the registration is complete, you will start receiving your Bank of India statement to your email ID every month.

    Content of an bank of India bank statement

    Following is the list of information contained in a bank of India statement.

    • Details of all the transactions within a given timeframe, including deposits, withdrawals, transfers, and any charges or fees applied to the account. 
    • Dates when transactions were made along with descriptions explaining the nature and purpose of each transaction.
    • The account balance at the beginning and end of the statement period.
    • If there is any amount of interest earned or charged by the bank during the given timeframe, it will also be included in the statement.
    • Personal details of the account holder, such as name, address, and account number, for identification.
    • The start and end dates of the statement’s covered period.

    Registration for Internet banking

    • Open the browser on your device and go to the official website of your bank.
    • There will be an option for registration under the ‘Online Banking’ or ‘Login’ section.
    • You have to enter some details like account number, card details, personal information, and the bank will send an OTP (One Time Password) to your registered mobile number for verification.
    • After entering all those, set up a user ID and password. A strong password is suggested, it will be a combination of alphabets, numbers, and special characters for 
    • After registration, you can log in to your account using the newly created credentials.
    • Most of the time the bank prompts users to set a security question and its answer to enable two-factor authentication, or link a registered device for extra security. Set something familiar to you as security questions and answers lest you should forget or get confused with it later. This is to help you recover your password.

    As it was mentioned above, there are some charges which are levied on customers while making some transactions. Be it a private bank or a public sector bank, all the banks have set their own rate depending on the amount of transaction. Let’s have a look at the charges for ICICI bank.

    ICICI Bank IMPS charges

    IMPS stands for Immediate Payment Service and it is a real-time electronic funds transfer system in India which allows customers to transfer money instantly from an account to another. IMPS enables secure transactions 24×7 throughout the year, including weekends and bank holidays, if the transfer is made online. It allows customers to transfer money with ease through mobile phones, internet banking, ATMs, or through bank branches. It can be even used for bill payments, and even merchant payments.

    IMPS charges ICICI bank are set as follows on the basis of the amount of the transfer that is to be made. 

    • The charge for amount upto to Rs 1 lakh is Rs 5 (+GST)
    • The charge for amount above Rs 1 lakh to Rs 5 lakhs: Rs 15 (+GST)

    There are no IMPS charges when they carry out the transactions using digital banking portals like Internet banking or mobile banking. It’s just the same with all the other banks in India. So, it is much better if you have access to internet banking or mobile banking portals to save your time, effort and money.

    IMPS Limit ICICI bank

    For Savings Accounts:

    • Inward transactions are free of charge.
    • Outward transactions are free when conducted via Mobile Banking or Net Banking. However, if processed through a branch, the fees are: Rs. 200,001 to Rs. 500,000 in transactions incur Rs. 25 per transaction, and transactions above Rs. 500,000 incur Rs. 50 per transaction.

    For Current Accounts:

    • Inward transactions are free.
    • Outward transactions are free when conducted via Net Banking. However, if processed through a branch, the fees are: Rs. 1 to 5 Lakhs incur Rs. 25 per transaction, while transactions above Rs. 5 Lakhs incur Rs. 50 per transaction.

    Please note: The RTGS charges mentioned above do not include GST. 

    NEFT ICICI Timings and charges for Internet banking and iMobile

    Customers can initiate transactions during 01:00 hrs – 19:00 hrs & 00:00 hrs – 01:00 hrs, excluding 2nd & 4th Saturdays, Sundays and bank holidays.

    The NEFT limit set by ICICI bank is 

    Minimum – ₹1, Maximum – ₹10 lakh or ₹1 crore. 

    It is applicable for NRIs.

    RTGS Charges and limit ICICI (Internet Banking and iMobile):

    Customers can initiate RTGS transaction during this given hours:

    01:00 hrs – 19:00 hrs, 19:00 hrs – 00:00 hrs, and 00:00 hrs – 01:00 hrs, excluding 2nd and 4th Saturdays, Sundays, and Bank holidays.

    The transaction limit is 

    Minimum – ₹2 lakh, Maximum – ₹10 lakh or ₹1 crore (based on customer segment). This is also applicable for NRIs.

    CIB, InstaBIZ & API Banking NEFT:

    The timing is similar to NEFT for transactions up to ₹10 lakh.

    Limits are corporate-level, with transaction amounts depending on existing workflow, reaching up to ₹49 crore for InstaBIZ.

    CIB, InstaBIZ & API Banking RTGS:

    • Limits: Timing similar to RTGS for transactions up to ₹1 crore.
    • Corporate-level limits, following existing workflow, reaching a maximum of ₹49 crore for InstaBIZ.