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| 1. |
What
is Net Express? |
| 2. |
What
are the advantages of Net Express? |
| 3. |
Who
can use Net Express? |
| 4. |
Is
it necessary for the beneficiary or me to have an account
with ICICI Bank? |
| 5. |
When
does the beneficiary having an account with ICICI Bank receive
money? |
| 6. |
How
will the money reach the beneficiary if he / she does not
have an account with ICICI Bank? |
| 7. |
How
fast would the DD reach the beneficiary? |
| 8. |
For
what purpose can I send money to India? |
| 9. |
What
are the charges for Net Express? |
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| 1. |
What is Net Express? |
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Net Express is a complete online money transfer facility
brought to you by ICICI Bank Money2India in association
with DBS Bank, Singapore. The bank account holders of DBS
Bank, Singapore can use this facility to transfer funds
directly from their DBS bank account.
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| 2. |
What are the advantages of Net
Express? |
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Unique Benefits |
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Completely online -
no need of any paperwork. |
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Money transferred directly
from your DBS bank account. |
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Money transferred to
beneficiary's account within 24 hours. |
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FREE transfers to ICICI Bank accounts. Demand Drafts issued and dispatched for FREE for remittances of more than SGD 2000. |
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And more… |
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Status updates through
e-mail |
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Online tracking facility
for your money transfer |
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Personal Address Book
with details of your beneficiaries |
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Transfer money directly
to over 400 ICICI Bank branches |
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Issue and dispatch DDs
to over 670
locations |
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| 3 |
Who can use Net Express? |
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The remitter using Net Express
needs to have a bank account with DBS Bank, Singapore. The
beneficiary can be anyone in India, either a bank account
holder with ICICI Bank or a non-ICICI Bank account holder. |
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| 4 |
Is it necessary for the beneficiary
or me to have an account with ICICI Bank? |
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Neither the beneficiary nor the
remitter is required to maintain an account with ICICI Bank
for sending money through Net Express. However, the remitter
needs to have a bank account with DBS Bank, Singapore. |
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| 5. |
When does the beneficiary having
an account with ICICI Bank receive money? |
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In case the beneficiary has an
account with ICICI Bank, the money would be credited to his
account on the next working day of the money transfer request.
Hence, if you make a money transfer request on Monday, the
money would be credited to the beneficiary's account on Tuesday. |
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| 6. |
How will the money reach the
beneficiary if he / she does not have an account with ICICI
Bank? |
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If the beneficiary does not have
an account with ICICI Bank, then ICICI Bank would dispatch
an Indian Rupee demand draft / pay order to either the beneficiary's
address or the beneficiary's bank address as submitted by
you while making the money transfer request. |
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| 7. |
How fast would the DD reach
the beneficiary? |
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The DD is dispatched by either
courier or registered post depending upon the beneficiary's
address provided by you. A courier dispatch would take about
2-3 days to reach the beneficiary, while registered post would
take about 8-10 days. You can check the complete details using
our online "Track your Remittance" facility after
logging in to Money2India site. |
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| 8. |
For what purpose can I send
money to India? |
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Some of the typical purposes for which you can use Net
Express to send money are:
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For crediting your (the
remitter) own NRO/NRE savings account, NRE/NRO fixed
deposits and FCNR deposits |
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For crediting beneficiary's
savings account |
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For supporting your
family |
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For gifts |
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For investments as well as for payments
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| 9. |
What are the charges for Net
Express? |
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Introductory Offer - FREE transfer to any ICICI Bank account till October 31, 2003. For issuance of DDs, charges
would be imposed based on the amount transferred. You can
check the charges by using our Charges Calculator.
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