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FAQs - Visa Money Transfer

Frequently Asked Questions

1. What is the facility of Credit a resident Visa Debit Card account?
2. What are the benefits of using this facility?
3. How much time will it take for the funds to be credited to my beneficiary's resident Visa Debit Card account ?
4. Are there any charges to use this facility?
5. Do I need to register for this service?
6. What details do I need to know about the beneficiary to use this service?
7. What are the products that are eligible for this facility?
8. Can I pay my credit card bills using the credit to a resident Visa Debit Card account facility?
9. Can I track the status of my remittance online?
10. In case the instructions given are incorrect, how will the transaction be processed?
11. Can I use this facility to credit an NRE account linked to a Visa Debit Card?
12. How will ICICI Bank credit a resident Visa Debit Card account ?
 
 
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1.
 What is the facility of Credit a resident Visa Debit Card account?
When you transfer funds through Money2India, ICICI Bank now offers you an option to directly credit any resident Visa debit card of your beneficiary in India.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account.
2.

What are the benefits of using this facility?

Speed - This facility ensures that the funds are transferred to your beneficiary’s account in 3 working days. This is much faster as compared to the time required in sending a draft/cheque and encashing it at the beneficiary’s end.

Convenience - Just log on to your Money2India account and you can transfer the funds to your beneficiary.

Reach - The funds can be transferred to the beneficiary anywhere in India as long as he/she holds a Visa card.

Bill Payment - You can easily pay credit card bills using this facility
3.

How much time will it take for the funds to be credited to my beneficiary's resident Visa Debit Card account ?
Credits to a resident Visa Debit Card account * are processed in 3 days. The timeline excludes banking holidays and weekends in the remittance country and India. However ICICI Bank is not responsible for the period within which the Beneficiary Bank will credit the proceeds to the Beneficiary Card.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account..
4.
 Are there any charges to use this facility?
This service is FREE for all money transfers made through Money2India above 1000 USD or equivalent amounts. However, ICICI Bank is not responsible for charges/commission of any kind levied/charged by the Beneficiary's Bank.
5.
 Do I need to register for this service?
To avail this facility you only need to be a registered user of Money2India. Once registered you will have to add your beneficiary under the "Credit a resident Visa Debit Card account *" facility. This facility is available for e-Transfer, Power Transfer and NetExpress products.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account..
6.
 What details do I need to know about the beneficiary to use this service?
You only need to know the beneficiary's 16-digit VISA card number and the beneficiary name. You are requested to provide the accurate/correct number of the Beneficiary Card. ICICI Bank shall not be responsible for any erroneous credit, in case an incorrect number of the Beneficiary Card is provided.
7.
 What are the products that are eligible for this facility?
e-Transfer, NetExpress and Power Transfer products can be used to directly credit the resident Visa Debit Card account * of the beneficiary.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account..
8.
 Can I pay my credit card bills using the credit to a resident Visa Debit Card account facility?
Yes, you can pay your credit card bills (as long as it's a Visa card) using this facility. Just enter the card number that you wish to make payments for, in the beneficiary card details.

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account..
9.
 Can I track the status of my remittance online?
Yes, you can track the status of your remittance using the tracking number by clicking on the "Track Transfer" option in the logged-in section of www.money2india.com
10.
 In case the instructions given are incorrect, how will the transaction be processed?
In case the VISA card details are incorrect the transaction will be rejected. We will request you to then send us the beneficiary’s bank information after which we will send a DD to your beneficiary for the said amount. The DD dispatch charges would be applicable in this case if the remittance amount is less than $1000 equivalent
11.
 Can I use this facility to credit an NRE account linked to a Visa Debit Card?
Please note that currently this facility is not available for credits to an NRE account linked to a Visa Debit Card. In case the card specified in your remittance request is linked to an NRE account, ICICI Bank will issue and dispatch a DD at your beneficiary's address. The DD dispatch charges would be applicable in this case if the remittance amount is less than $1000 equivalent
12.
 How will ICICI Bank credit a resident Visa Debit Card account ?
The beneficiary’s resident Visa Debit Card account * is credited through the Visa network, which covers over 150 locations in India.

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