‘Pending for processing’ happens in different scenarios:
- It takes place when the transaction hasn’t been approved by the checker in case the maker-checker rule has been enabled in the bank account. In such cases check the transactions pending for approval in the ICICI Corporate Internet Banking.
- It takes place if the transaction is initiated after cut-off time in the case of NEFT & RTGS.
- The pending status is also shown if the bank has not confirmed whether the transaction is a success or a failure to avoid the double deduction of money from your account. The user can initiate the transaction again after 15 mins if there is no deduction.