What is NetExpress?
NetExpress is a completely online money transfer facility for remitters in Singapore, Canada, UK, France, Germany and Australia.

NetExpress in Singapore:

This facility is being offered to remitters in Singapore in association with DBS/POSB Bank, Singapore. Using this service, account holders of DBS/POSB Bank can transfer funds directly from their bank accounts to beneficiaries in India.

For more details on how to use NetExpress in Singapore, please click here.

NetExpress in Canada:

This facility is being offered to remitters in Canada in association with TelPay Inc., an e-payment service provider based in Canada. Using this service, registered users of TelPay Online (Direct) in Canada or customers of financial institutions using TelPay bill payment service can transfer funds directly from their bank accounts to beneficiaries in India.

For more details on how to use NetExpress in Canada, please click here.

NetExpress in UK, Germany, France and Australia:

Remitters having internet banking facility for their checking accounts with banks in UK, Germany, France or Australia can use NetExpress. Additionally, only customers of banks offering the following will be able to use this facility:

•   Online third-party funds transfer/payment option on their Internet banking website and
•  A "Remarks" or "Message to Recipient" field while making the online third-party transfer, to enter the Tracking     Number generated on Money2India.

For more details on how to use NetExpress in UK, please click here.

For more details on how to use NetExpress in France and Germany, please click here.

For more details on how to use NetExpress in Australia, please click here.

What are the benefits of NetExpress?
Unique Benefits:

•   Completely online - no need of any paperwork
•   Money transferred directly from your bank account
•   Easy Money Transfers

And More..

•   Status updates through e-mail
•   Online tracking facility for your money transfer using your unique Tracking Number
•   Personal Address Book with details of your beneficiaries

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account.

Is it necessary for the beneficiary or me to have an account with ICICI Bank?
No. Neither the beneficiary nor the remitter needs to have an account with ICICI Bank to send money through NetExpress.

How soon will a beneficiary with an ICICI Bank account receive the money?

Singapore : The money would be credited to the beneficiary account on the next working day.
Canada: It would take 5 working days for the money to be credited to the ICICI Bank account.
UK : It would take 5 working days for the money to be credited to the ICICI Bank account.
Germany and France : It would take 3 working days for the money to be credited to the ICICI Bank Account.
Australia : It would take 3 working days for the money to be credited to the ICICI Bank Account.

Please note that the above timelines are applicable after you have initiated the money transfer from your local bank's internet banking facility. Timeline excludes banking holidays, saturday and sunday in the remitting country and India.

How soon will the beneficiary get the DD?
In case of demand draft requests, the draft will be dispatched within 1-2 working days of ICICI Bank receiving the money.

The DD is sent to the beneficiary either by courier or registered post depending upon the beneficiary's address. 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.

How long does it take to credit my beneficiary's Visa card account?
The card-issuing bank typically processes the credit requests to a Visa card account* within 3 working days. In case there is a delay in credit to your beneficiary's Visa card beyond 3 working days, please write to us at Email Us with the subject line as "Delay in Visa card credit". Kindly mention the details of the transaction along with the Tracking Number to enable us to assist you further.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account.

For what purposes can I send money to India?
There are many reasons why you may want to send money to India:
•   To credit your NRO/NRE savings account, NRE/NRO fixed deposits and FCNR deposits
•   To credit beneficiary's savings account
•   To support your family
•   To give gifts
•   To make investments and payments
•   To make donations

What are the charges for NetExpress?

Nominal charges levied as below:

Remittance Service charge** : Nominal charge of SGD 5 for SGD 2000 and below, CAD 4 for CAD 1500 and below, GBP 2 for GBP 500 and below, EUR 2 for EUR 800 and below and AUD 5 for AUD 1500 and below..

No Remittance service charge applicable for larger amounts.

Ready cash payouts at select ICICI Bank branches in India for a charge of SGD 8/ CAD 7/ GBP 5/ EUR 5/ AUD 8 as applicable.
(** All remittance service charges indicated here are inclusive of service tax @12.36%)

Foreign currency conversion charge: A nominal charge of INR 25 (inclusive of service tax)will be levied on every remittance request where foreign currency conversion* is carried out on or after May 16th 2008. This charge would be deducted from the amount to be paid to the beneficiary.

*The INR 25 (inclusive of service tax) charge will be levied for disbursements in INR currency. 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.

How much money can I send through NetExpress?
You need to first check with your local bank on the limits imposed on electronic third party funds transfer / payments through Internet banking.

Money2India imposes no maximum limits on the amounts that can be remitted for direct credit to both ICICI Bank and non-ICICI Bank accounts for UK, Germany, France and Australia.

The maximum limits for Singapore are:
SGD 100,000 per day for ICICI Bank Account transfers
SGD 10,000 per day for non-ICICI Bank Account transfers and Visa card transfers

The maximum limits for Canada are:
CAD 4,000 per day for ICICI Bank Account transfers
CAD 15,000 per week for non-ICICI Bank Account transfers

Click here to know the Visa Money Transfer limits for all currencies

The maximum limits imposed on Demand Drafts are:

Do I need to enter a new Tracking Number on my Internet banking account for every new transfer?
Yes. Even if you are sending money to the same beneficiary again, you must make a fresh request on Money2India and enter the new Tracking Number in your Internet banking account while funding the request.

What if my online banking account does not have a ‘Remarks’ or ‘Message to Recipient’ field?
In that case you should send the following details from your Money2India registered e-mail id to Email Us

•   Overseas Bank Account Number
•   Overseas Bank Clearing Code
•   Date when overseas account was debited
•   Amount that was debited from your account
•   M2N Tracking Number
•   Beneficiary Name