Wire Transfer

Wire transfer is a fast and simple way to do an Outward Remittance. It enables you to transfer funds from your account to beneficiary account across the globe.

Benefits

Quick Transfer :- Credit to the beneficiary’s account in 1-3 working days*.

 

Remittance Limit :- Wire transfer can be made up to any amount subject to limits prescribed vide FEMA.

 

Convenience :- Transfers through Internet Banking for ICICI Bank customers

Currencies

ICICI Bank offers retail outward remittance facility in the following currencies: USD, GBP, EURO, SGD, CAD, AUD, CHF, HKD, JPY, AED, SAR, DKK, NOK, SEK, QAR, and NZD.

Charges of Wire Transfer

Regular Delivery Product - Credit to beneficiary account with extra charges levied by correspondent bank

 

Receiver Country - all countries

 

Mode of RemittanceCharges for Resident CustomersCharges for NRI customers (applicable for repatriation from NRE/NRO accounts only)
Wire Transfer initiated through ICICI Bank internet banking ₹ 750 ₹ 500
Wire Transfer initiated through ICICI Bank branch or any other channel ₹ 1000 ₹ 500

 

Guaranteed Delivery Product – Full value credit for transfers to beneficiary account

 

Receiver Country – USA, Receiver Currency - USD

 

Mode of RemittanceCharges for Resident CustomersCharges for NRI customers (applicable for repatriation from NRE/NRO accounts only)
Wire Transfer initiated through ICICI Bank internet banking ₹ 1000 ₹ 500
Wire Transfer initiated through ICICI Bank branch ₹ 1500 NA

 

Charges for Outward wire transfers does not include any charge that may be levied by intermediary or correspondent bank.

 

*Date of credit to beneficiary account depends on the remittance currency selected.

 

GST will be levied as per the existing rate over the charges mentioned above. Further GST will be levied on the converted gross INR amount in accordance with the new rules w.e.f. July 1, 2017. Please click here to know the slab wise structure.