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Money2India Login Register NowRates and Charges
  • Money2India Exchange Rates

    USA = ₹ 65.50


    UK = ₹ 101.12


    Australia = ₹ 47.00


    Canada = ₹ 48.99


    Singapore = ₹ 46.82


    Hong Kong = ₹ 8.39


    Switzerland = ₹ 67.27


    Sweden = ₹ 7.68

     

    *Confirmed exchange rate for USA and Indicative rates for other geos for transfers of 3000 Foreign Currency Units & above as on August 28, 2015 at 06:00 pm IST. Exchange rates are volatile and are subject to change. Check the Exchange Rates before initiating the transfer.
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Express e-Transfer

What is Express e-Transfer?

It is an enhanced version of e-Transfers available to a select set of Money2India users.

 

Recipient Time to transfer money
ICICI Bank Account 1 hour
Non ICICI Bank Account 2 hours during Indian banking hours

 

 

What are the service charges?

More than 50,000 INR Zero service charge
Less than 50,000 INR Minimal service charges of USD 2

 

How do I use Express e-Transfers?

  1. Log into your Money2India account
  2. Under modes, select “Express e-Transfers”
  3. Only eligible Receiver bank accounts as well as Bank (ACH) account(s) will be displayed based on criterion for the Express e-Transfer service. Select the Receiver and ACH account from the dropdown & enter the money transfer details.
  4. Specify transaction amount in INR for fixed Rupee rate, you will be provided a confirmed exchange rate at the time of transaction initiation, on selecting the Fixed Rupee Transfer option.
  5. On verifying the transaction details you will receive an M2E tracking number to track the status of your funds online

Unable to see Express e-Transfers?

  • Call us at 1866 42424 48 to check eligibility and activate
  • Mail us at nri@icicibank.com mentioning your Money2India login ID and the recipient account. We shall get back to you in 48 working hours

Kindly note: If you have any existing ICICI Bank relationship, kindly mention the same when you call/mail us.

Benefits


Fast online transfers into any Bank account in India

  • Instant transfers
  • Nominal service charges compared to other Money Transfer Services
  • Competitive exchange rates
  • Confirmed exchange rates with Fixed Rupee Transfers
  • Online tracking facility
  • Email/SMS alerts to recipients

Charges


Remittance Service charge:

  • A nominal USD 2 (inclusive of service tax @14%) is charged for transfers valued upto INR 50,000. There are no charges for money transfer requests of more than INR 50,000.

Service tax will be levied on the converted gross INR amount in accordance with the Finance Act, 2015 and Service Tax (Amendment) Rules, 2015 of the Government of India w.e.f. June 1, 2015. Please click here to know the slab wise service tax structure. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) deducted from the FCNR deposit amount.

Eligibility


How do I become eligible for Express e-Transfers?

  • Only users who are eligible, will be able to view the Express e-Transfers when you login to Money2India.
  • We continuously evaluate your engagement and your e-Transfer usage behavior. Based on the evaluation, if you meet the evaluation criterion, you are enabled for the same.
  • We shall pro-actively inform you once are eligible, via email.
  • We would like to mention that the evaluation parameters are set as per our internal policies and would like to reiterate that in no way does this reflect your rating as an esteemed user of Money2India.

 

 

Transaction related options


Track Transaction Status:
Click on the Track Transfer on Money2India Home menu to view the status of the transaction.

 

Cancel Transaction:
In case you want to cancel a transaction that you have initiated, use the Cancel Transaction facility available through the Track Transfer on Money2India Home and cancel the request. This can be done within 30 minutes from the time you have initiated the request and till the request is in the Request received status.

 


Important:
For all transactions initiated via this mode, we request you to keep your corresponding bank account in US sufficiently funded so that no returns/ rejects are received for the money transfer from your local bank in US. In the event of a reject received from your local bank, we will be disabling your e-Transfer enabled bank account on Money2India as well as the Express e-Transfer service from your Money2India User ID. Please note that any e-Transfer transaction that you have initiated from the same e-Transfer account will also be rejected.


Further if you have initiated an e-Transfer request using the Express enabled e-Transfer account and if there is a reject received on your e-Transfer request, any Express e-Transfer transaction if due for processing at the same time will be processed as an e-Transfer request with the 5 days transfer time as it is possible that we may get a return even on your Express e-Transfer request.


Please click here to read the Terms and Conditions for using Express e-Transfer Service.

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