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PIONEER IN ONLINE OVERSEAS TRANSFER:

Trusted By 5+ Lakh Users, Since 2015

Lakhs Of Transactions, Processed Annually

Billions Of USD, Transferred Annually.

Why Should You Send Money Abroad Through Money2World?
Safety & security
Safety & security
2-factor authentication and end-to-end online transfers with tracking & 250-bit encryption
Competitive & confirmed exchange rate
Competitive & confirmed exchange rate
Know the exact competitive exchange rate applicable for your transfer
Quick & easy transfer, available 24x7
Quick & easy transfer, available 24x7
with a faster processing time and conversion to 21 currencies
Rate Alert
Rate Alert
Ge­t personalized Rate Alerts to monitor your exchange rate from INR to Foreign Currency, Alerts will be sent on e-mail ID and SMS.
Full value credit to beneficiary bank
Full value credit to beneficiary bank
in USD, AUD and GBP currencies remitted to their respective home countries only.

 

We understand the things that matter the most to you for money transfer abroad

Convert and transfer Indian rupees to 21 currencies

Send money abroad online anytime, from anywhere

Available 24x7.

  • Get an exchange rate commitment from ICICI Bank Money2World, when you send money abroad with the confirmed exchange rate feature
  • Know the rate applicable for your online money transfer transaction, when initiating the same
  • Experience hassle-free transactions, even if the exchange rate fluctuates between the booking time and the transaction processing time.

  • 2-factor authentication, to protect your account and transfers
    • Authenticate all transfers using the Debit Card grid value and OTP sent to your registered mobile numbers
  • End-to-end 250-bit encryption
  • End-to-end online transactions.

Click here to know the charges for overseas money transfer 

  • Goods and Services Tax(GST) will be applicable on currency conversion and remittance charges. Below are the GST Rates -

Amount of currency exchanged

Derived Value on which GST will be charged

GST on derived Value ( for rate@ 18%* )

Up to INR 100,000

1% of gross amount exchanged, subject to minimum amount of INR 250

INR 180 ( For exchange amount of INR 1,00,000)

From INR 100,001 to INR 10,00,000

INR 1000 for Exchange amount of INR 1,00,000 plus 0.5% on remaining amount exchanged

INR 990 (For exchange amount of INR 10,00,000)

Above INR 10,00,000

INR 5500 for Exchange amount of INR 10,00,000 plus 0.1% on remaining amount exchanged, subject to maximum of INR 60,000

INR 1170 (For exchange amount of INR 20,00,000)

* 18% considered for the purposes of numeric understanding only. Applicable rate of CGST / SGST or IGST will be basis the Recipient’s GST no or address registered with ICICI Bank.

Tax Collected at Source (TCS)

  • Tax Collected at Source (TCS) will be levied on transfers made under Liberalised Remittance Scheme (LRS). TCS will be applicable to LRS transactions in excess of INR 10 lakh in total in a financial year from a particular PAN, at the rate of 5% of the amount remitted for education and medical purposes and 20% of the amount remitted for all other purposes remitted.

  • TCS will not be applicable for the LRS transaction wherein the source of funds is Education Loan from specific financial institutions but the Education Loan amount will be considered while calculating the threshold for applicability of TCS on other LRS remittances.

Below is the purpose wise TCS applicability :

Sr. No. Nature of payment Revision w.e.f.
Apr 01, 2025
1 LRS for education financed by a Loan No TCS applicable
2 LRS for Medical Treatment/ Education (Other than financed by a Loan) Nil up to ₹ 10 lakh
5% - above ₹ 10 lakh
3 LRS for other purposes Nil up to ₹ 10 lakh
20% - above ₹ 10 lakh

 

Select the applicable tab from below to initiate an online money transfer

 

Popular FAQ

To avail of this service, you need To either have ICICI Bank Savings Account or you should be a Resident Indian with a valid Indian mobile number, email id, PAN number and a valid address proof. If you do not have an ICICI Bank Account, you need to complete a one-time registration which can be done online if you have PAN, Aadhaar and an Aadhaar registered mobile number. If you do not have Aadhaar or Aadhaar registered mobile number, you can complete your registration from the branch.

The limit for fund transfer abroad for ICICI Bank’s resident Savings Account holder from ICICI Bank Internet Banking is up to USD 50,000 or its equivalent per transaction and USD 250,000 or its equivalent per financial year

NRE account balances are freely repatriable. There is no limit specified for outward remittances from such accounts.t to any purpose specific limit specified by Reserve Bank of India. For NRO account it is subject to a limitation of USD 1,000,000 in a financial year and you can repatriate your current income for the current financial year. Current year is the financial year in which the remittance is sought to be made. Balances in the NRO account arising out of capital receipts can also be repatriated up to USD 1,000,000.