[payal]

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Can you tell me in detail about the money transfer - Outward Remittances - facility offered by ICICI Bank for its customers?

[Vishal Kotkar]

Sending money from India to overseas is now made easy through Outward Remittances by ICICI Bank. Bank offers outward remittance service for transferring money from India to across the globe either by using the online outward remittance service – Money2World or by visiting the nearest Forex enabled ICICI Bank branch.

• Simple, reliable and quick way to send money outside India.
• Send money for payment of fees, as gift, maintenance for loved ones or donation for a cause.
• Offered in 16 currencies

The permissible purposes for transferring funds through Money2world.com service are as follows:
• Education abroad
• Emigration fees
• Employment abroad
• Maintenance of close relative
• Medical treatment
• Police verification
• Private visit abroad
• Personal Gift
• Donation
• Remittance to own account abroad for placing of deposit

ICICI Bank account holders advantages of Money2World transfer as below:
i. Convenience, as it eliminates the requirement of visiting the branch
ii. Round the clock service, as the remittance facility is available 24*7
iii. Faster turn around time for processing the requests
iv. Secured and faster mode of transfer of funds
v. Receiver registration for recurring transfers

Advantages of Remitting Money with ICICI Bank

Vast Outreach
Benefit from ICICI Bank’s massive network stretched across nations to facilitate quick remittances in multiple currencies.

Product Offering
Remit Money through Wire Transfer and Foreign Currency Demand Draft.

Other Benefits
Remittance facility available through online channel, Get competitive exchange rates, Facility available to non-ICICI Bank account holders.