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Process |
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Net
Express - The bank account holders of DBS Bank can use this
facility to transfer funds directly from their DBS Internet banking
account. |
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Remitters having a bank account with DBS Bank, Singapore, need
to register for ICICI Bank Money2India services. To register click
here.
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Logon
to Money2India and on the Welcome to Money2India page click
on the Remit Now link. |
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Select
Personal Beneficiary if you want to transfer funds to your relatives
or family members. You can also make donations to specific charities
such as CRY and GIVE Foundation by choosing Registered Beneficiary. |
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Select "Power Transfer" as the Mode of Transfer
and "Singapore Dollars through DBS"
as the currency.
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You
can select to transfer funds to the beneficiary's account with ICICI
Bank (select Account Transfer) or issue a Demand Draft (select
Demand Draft) |
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Choose a beneficiary or add a new beneficiary with beneficiary
details
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Enter the amount to be transferred and the purpose for which
the money transfer is being carried out.
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On submitting the details, a unique tracking
number is provided to you for easy tracking of the request
(e.g. M2X10119003).
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Your money transfer request details are stored on the Money2India
system for your records. In case you want to track the status
you can check it in the Track your Remittance Status link
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After confirmation of the transfer request, you would be required
to log on to DBS Internet Banking. A link to DBS Bank homepage
will be provided on the confirmation page.
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After logging onto DBS Internet Banking, select "Bill Payment"
service and choose ICICI Bank as the corporation to make payment
to. Enter the "unique tracking number" provided to you
by Money2India, in the "Consumer Reference No." field
and the remittance amount in SGD equivalent. Please ensure that
you enter the number correctly as it is a mandatory requirement
to make the payment to the beneficiary.
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The money would be transferred from your DBS bank account to
be paid to the beneficiary.
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Money transferred to beneficiary's account on next working day
and DD dispatched within 48 hours. Please note that the DD is
dispatched either by courier or registered post depending upon
the beneficiary location.
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