Remittances

Inward Remittances

ICICI Bank's wire transfer instructions is one of the easiest methods of receiving money to your current/business account in India.All you need to do is, select the currency in which the remittance is intended to be received, fill in your 12-digit current account number and brief details of remittance and forward the wire transfer instructions to your overseas business partner in getting the remittance.Please remember to advise your overseas partner to send instructions to their Bank with "OUR" in their charges column when they send the wire transfer.

 

From the time your overseas business partner places the funds transfer request with his local bank, it takes 24-48 banking hours for the funds to reach our account held with our correspondent bank.The Wire transfer will be processed and the money will be credited to your account in quick time, provided you submit the required documents defining the purpose to your ICICI Bank branch.

 

New- You can now also settle the inward remittances through your Corporate Internet Banking.

For a sample wire transfer form please select currency below:

 

Outward Remittance (Non Trade)

Outward remittance is a transfer of funds in the form of foreign exchange by a person from India, to a beneficiary outside India (except for Nepal and Bhutan) for any bonafide purposes as permissible under Foreign Exchange Management Act (FEMA), 1999. It includes the following two types of payment:1. Outward remittance (non-trade) 2. Outward remittance DD issuance or any other type of payments as permitted by Reserve Bank of India as and when introduced.

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