What is ICICI Money to India - It is a free online service provided by ICICI bank to NRI (Non resident Indians) through which they can transfer their funds or money to India within 2 days (excluding Saturday, Sunday and public holidays in India and in your country).
Below listed are the different transfer modes provided by ICICI bank ?
- e-transfer (ACH) – USA
- Web-based Wire Transfer
- Web-based Cheque Transfer
- Direct Debit – UK, France and Germany, Singapore
- Direct credit facility to other banks/SEFT
- Money Transfer through Wells Fargo Bank
- Branch Based Remittance
Important questions related to money transfer :
Who can remit money ?
It is open to all but you must be a registered user of Money2India
How long does it take to transfer funds ?
The actual amount of time it takes depends on whether the beneficiary has an account with ICICI Bank or not.
If the beneficiary has an account with any branch of ICICI Bank the remitted money reaches the beneficiary within one banking day (that is, excluding Saturdays, Sundays and other public holidays) of the receipt of funds in our Nostro account. This typically amounts to two banking days from the date of your giving wire transfer instructions to your local bank. However, ICICI Bank is not responsible for any delay in processing your request due to non-credit of funds by your local bank to our Nostro account or due to incomplete details provided by them.
If the beneficiary does not have an account with ICICI Bank
The remitted amount reaches the beneficiary within one-three working days from the date we receive credit in our Nostro account. In this case, ICICI Bank will send a demand draft / pay order, net of charges to his / her address, as specified by you.
In which currencies can I remit money to India and in which currencies can my beneficiary receive the payment?
Currently, you can remit money in 10 currencies (AED, AUD, CAD, CHF, EURO, GBP, HKD, SEK, SGD, USD). However, payments to your beneficiary in India will be made only in Indian rupees
If still you have any doubt call the icici bank customer care …
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i was thinking abt sending my money back to india.im gonna think twice abt it now….at least thru icici..
Thanks for the tips, it cleared up a lot for me, and I’ll be sure to drop you a line when I have a good idea of ICICI Bank Money to India – NRI money transfer to India…