ICICI Bank :: NRI :: How It Works :: Account Debit (NetExpress)

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NetExpress (Direct Debit)

How It Works ?

Follow these step-by-step instructions to use NetExpress (Direct Debit).
-You must first register with Money2India to use Direct Debit. Click here to register now.
- If you are already a registered user of Money2India then…

Click on NetExpress

Select an existing receiver (beneficiary) from your list or choose to add a new beneficiary along with the mode of disbursal. You also need to select the Country of Remittance and click "Next" once this is done.

On the next page, you need to enter the transaction details such as amount and currency along with the purpose of remittance and receiver details (in case you are adding a new receiver).

Once these details are confirmed and submitted on the next page, you will need to click a link that will provide you with a unique Tracking Number (e.g. M2N12345678) and the following instructions for completing your transaction:

1. Log on to the Internet Banking application of DBS/POSB Bank at www.dbs.com

2. Select "Bill Payment" under "Payment Services" option in the navigation menu on the left or using the "Shortcuts" list.

3. On the Bill Payment page, click on the "Please select a corporation" option, choose "ICICI Bank" from the list and click "Submit".

4. Next, select the account you want to make the payment from in the "From account" list, enter the Tracking Number (given above) in the "Consumer Reference No." field and enter the amount to be transferred in the "Payment Amount S$" field.

5. Click "Submit" at the bottom of the page to complete the money transfer request.

After you have submitted the transaction, DBS will send a single use 'One Time Password(OTP)' to your mobile phone or message pager via SMS or message page. This OTP will be used to authorise your DBS/POSB Funds Transfer Application or Interbank Funds Transfer Application on DBS iBanking.

For details on the SMS OTP, please visit: http://www.dbs.com/sg/personal/ibanking/additionalinfo/faq/paymentsvc/billpayment

After completing the transfer request, you can use the Track Your Remittance facility (on Money2India) anytime, to check the status of your transaction.

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