In order to transfer money using the money2india facility, ICICI Bank customers need to have an internet banking account. To make the transfer from USA to India, customers have to follow the steps mentioned below. Non-ICICI Bank customers can carry out the transfer through the money2india portal.
- Log in to your NRI ICICI Bank internet banking account or by using your Money2india account.
- If this is your first time, enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Now, add a beneficiary you wish to transfer the funds to. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- If the beneficiary is in your payee list, click on “send funds”.
- Once the recipient has been added, click on “Continue”.
- Next, enter the amount you wish to transfer to a beneficiary to India from USA.
- Non-ICICI Bank customers will have to enter the bank account details you wish to make the payment from.
- Click on “confirm” to make the payment.
Steps to Transfer Money using money2india from Canada to India
Customers can transfer money from Canada to India via the money2india facility either through their NRI ICICI Bank internet banking account or through the money2india facility. To do so, they would need to follow the steps mentioned below.
- Log in to your NRI ICICI Bank internet banking account or by using your Money2india account.
- For those using the money2india facility for the first time, enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Add a beneficiary you wish to transfer the funds to. Click on either “add beneficiary” and enter the details (personal and bank account) of the beneficiary or “transfer now” if the beneficiary is already added.
- Once the recipient has been added, click on “Continue”.
- Once the recipient has been added, enter the amount you wish to transfer a beneficiary in India from Canada.
- Non-ICICI Bank customers will have to enter the bank account details they would wish to make the payment from. They would need to enter the details of their bank account and other required details.
- Once all the details have been entered, click on “confirm” to make the payment.
Steps to Transfer Money using money2india from United Kingdom to India
United Kingdom customers will have to follow the steps mentioned below to transfer funds to India either via the ICICI Bank internet banking platform or through the money2india facility.
- Log in to your NRI ICICI Bank internet banking account or your Money2india account.
- If this is your first time, enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Add a beneficiary you wish to transfer the funds to from United Kingdom to India. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- Once the recipient has been added, click on “Continue”.
- Once the recipient has been added, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to make the payment.
Steps to Transfer Money using money2india from Australia to India
Australian customers will have to follow the steps mentioned below to transfer funds to a beneficiary in India either through their ICICI Bank net banking account or through the money2india facility.
- Log in to your NRI ICICI Bank internet banking account or your Money2india account for non-ICICI Bank customers.
- Enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Add a beneficiary you wish to transfer the funds to. Click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- Click on “Continue” once the recipient has been added.
- Now, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to transfer funds from Australia to India using the money2india facility.
Steps to Transfer Money using money2india from Hong Kong to India
NRIs residing in Hong Kong can transfer funds to beneficiaries in India either through their ICICI Bank net banking account or through the money2india portal by following the steps mentioned below.
- Log in to your NRI ICICI Bank internet banking account or your Money2india account if you are not an ICICI Bank customer.
- If this is your first time, enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Now, add a beneficiary you wish to transfer the funds to from Hong Kong to India. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- Once the recipient has been added, click on “Continue”.
- Once the recipient has been added, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to make the transfer of funds from Hong Kong to India.
Steps to Transfer Money using money2india from Singapore to India
Customers in Singapore can transfer funds to beneficiaries in India through the money2india facility (for non-ICICI Bank customers) or through their ICICI Bank NRI net banking account. To carry out the transfer, they would have to follow the steps mentioned below.
- Log in to your NRI ICICI Bank internet banking account or by using your Money2india account.
- If this is your first time, enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested. If not, skip to the next step.
- Now, add a beneficiary you wish to transfer the funds to. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- Once the recipient has been added, click on “Continue”.
- Once the recipient has been added, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to make the payment.
Steps to Transfer Money using money2india from Switzerland to India
ICICI Bank customers residing in Switzerland can follow the steps mentioned below to transfer funds from their NRI net banking account to a beneficiary in India. Non-customers can also transfer funds using the money2india facility.
- Log in to your NRI ICICI Bank internet banking account or by using your Money2india account.
- Enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested as part of the registration process of money2india.
- Now, add a beneficiary you wish to transfer the funds to. Click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary.
- Once the recipient has been added, click on “Continue”.
- Now, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to make the payment.
Steps to transfer money using money2india from UAE to India
Customers residing in UAE can follow the steps mentioned below to transfer funds to a recipient in India.
- Log in to your NRI ICICI Bank internet banking account or to your Money2india account.
- First timers transferring funds through the money2india facility will have to enter their personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested.
- Add a beneficiary you wish to transfer the funds to. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary. If the beneficiary is already listed in your payee list, you can immediately carry out the transaction.
- Once the recipient has been added, click on “Continue”.
- Once the recipient has been added, enter the amount you wish to transfer to a beneficiary in India from UAE.
- Click on “confirm” to make the payment.
Steps to Transfer Money using money2india from Sweden to India
ICICI Bank customers residing in Sweden can follow the steps mentioned below to transfer funds to a recipient in India by following the steps mentioned below. Non-ICICI Bank customers can transfer funds to a beneficiary in India by logging into the money2india facility.
- Log in to your NRI ICICI Bank internet banking account or to your Money2india account.
- Enter your personal details (name, gender, date of birth, etc), contact details (house address and mobile number) as requested as part of the money2india registration process.
- Now, add a beneficiary you wish to transfer the funds to. If this is the first time you are transferring money to the beneficiary, click on “add beneficiary” and enter the details (personal and bank account) of the beneficiary. If the beneficiary is already listed in your payee list, you can immediately carry out the transaction.
- Click on “Continue” once the recipient has been added.
- Once the recipient has been added, enter the amount you wish to transfer to a beneficiary in India.
- Click on “confirm” to make the payment.
Service Charges to Transfer Money using money2india Facility
Listed below are the service charges for the money2india facility depending on the country the funds are transferred from.
Country | Service Charges |
USA | Free for transactions above Rs.65,000 $3 for transactions below Rs.65,000 |
UK | Between 0.56%-0.74% (of complete fund transfer) for fixed exchange rates depending on the sum of the transfer. Between 0.55%-0.74% (of complete fund transfer) for indicative exchange rates depending on the sum of the transfer. |
Canada | Fixed Rate: 4 CAD for transfers below Rs.75,000. Free for transfers above Rs.75,000. Indicative rate: Free for fund transfers above 1,500 CAD. 4 CAD for transfers below 1,500 CAD. |
Australia | No specified service charge |
Hong Kong | No specified service charge |
Singapore | No specified service charge |
Switzerland | No service charge for fund transfers equal or above 1500 CHF 4 CHF service charge for fund transfers below 1500 CHF |
UAE | AED 15 for all fund transfers |
Sweden | No service charge for fund transfers equal to or above 8000 SEK. 20 SEK service charge for money transfers below 8000 SEK. |
- Is there a registration fee for the money2india service?
No, there is no registration fee for the money2india service. Charges are applicable only for the money transfers.
- How safe is the money2india transfer facility, can it be trusted?
The money2india transfer facility comes with a Firewall as well as a 128 bit Secure Socket Layer which ensures that all bank account information and transactions are kept confidential.
- Can only ICICI Bank customers use this money2india facility?
No, even non-ICICI bank customers can avail this facility provided they are above the age of 18 years.
- Is there a way of knowing whether the money has reached the recipient?
Since you have to first register by entering your personal and contact details, the money2india facility will send you a notification via email or SMS as soon as the funds have reached the recipient.
- In which all countries is the money2india facility available?
The service is available in USA (USD), Canada (CAD), UK (GBP), Sweden (SEK), Switzerland (CHF), Singapore (SGD), Hong Kong (HKD), UAE (AED) and Australia (AUD).