To transfer funds to the beneficiary’s account number, customer will have to deposit cash with the authorized ICICI Business correspondent Agent. The ICICI Business correspondent Agent would initiate and complete the money transfer from his end. The customer would then receive a text message on his registered mobile number confirming the transaction details along with its transaction ID, amount transferred etc. How is fund transferred through this process? As soon as the agent initiates the transaction process, the system checks if the beneficiary’s bank is enlisted in the list of IMPS enabled banks. The Customer will receive an instant confirmation of the transaction on his registered mobile number. In case IMPS transfer is not possible, the system will send a request for NEFT transfer and the customer will receive a confirmation message depending on the NEFT cycle