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  • Money2India Exchange Rates

    USA = ₹ 67.20


    UK = ₹ 85.74


    Australia = ₹ 50.45


    Canada = ₹ 50.99


    Singapore = ₹ 47.61


    Hong Kong = ₹ 8.62


    Switzerland = ₹ 66.49


    Sweden = ₹ 7.34


    UAE = ₹ 18.53

    *Confirmed exchange rate for Money2India USA and Indicative rates for other geos for transfers of 3000 Foreign Currency Units & above as on December 06, 2016 at 06:00 pm IST. Exchange rates are volatile and are subject to change. Check the Exchange Rates before initiating the transfer.
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Fixed Rupee Money Transfer

What is Fixed Rupee transfer?

  • Fixed Rupee transfer is Money2India's latest offering that takes care of exchange rate movements, meeting fixed rupee expenses/ payments in India by empowering you as follows:
  • Specify exact rupee amount to send to your receiver in India.
  • Get confirmed exchange rates at the time of transaction initiation, on sending the funds within the Fixed Rupee transfer Validity Date.

Benefits


Benefits

  • No stress about volatile exchange rates – Get pre-confirmed exchange rates with online end-to-end transaction fulfillment.
    • Get confirmed exchange rates at the time of transaction initiation, on sending the funds within the Fixed Rupee transfer Validity Date.
    • Send the exact Rupee amount to your receiver in India.
  • All benefits of NetExpress (NetBanking Transfers) such as:
    • Easy money transfer to any receiver in India
    • Electronic transfers into any ICICI Bank account with over 2,500 branches in India
    • Electronic transfers into accounts with over 75,000 bank branches of over 100 banks in India
    • Demand Draft payable at many locations in India
    • Competitive Exchange Rates

Charges


Remittance service charge:

  • No Remittance service charge for any amount remitted.
  • Service tax will be levied on the converted gross INR amount in accordance with the Finance Act, 2015 and Service Tax (Amendment) Rules, 2015 of the Government of India w.e.f. June 1, 2015. Please click here to know the slab wise service tax structure. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount.

How does it work?


  • You must first register with Money2India.com to use NetExpress (NetBanking Transfers).
    Register Now
  • If you are already a registered user of Money2India.com then...
    1. Login to your Money2India account and follow these simple steps to initiate a Fixed Rupee transfer request:
    2. Select NetExpress (NetBanking Transfers) as the Transfer mode.
    3. Select the Remitter Account from where you will be sending funds to India.
    4. Select the receiver account to whom you want to send funds in India. If you wish to send it to a new receiver, click on "Add Receiver".
    5. Click on the check box for availing the Fixed Rupee transfer facility to send money to your selected receiver.
    6. Enter the rupee amount that you want to send to your selected receiver.
    7. Click on the Confirm button.
    8. In case you need to make any changes in the information, click on the Back button. You will be taken back to the previous step. Once there, make the necessary changes and then verify the details once again and click on the Confirm button.
    9. Once these details are confirmed and submitted by clicking on 'Initiate Transfer' on the next page,you will be provided with a unique Tracking Number (e.g. M2N12345678) and the following instructions for completing your transaction.

For remitters in Hongkong :

  1. Log on to your Internet banking facility with any of these 4 local banks in Hongkong - HSBC, Standard Chartered, Citibank and Bank of China
  2. Go to the module that enables you to pay/transfer funds to a third party account - a third party account would be an account that is not your own account and is held with some other bank in Hongkong
  3. In the module, do the following:
    • Select your account from which you want to make the payment/ fund transfer.
    • Enter the third-party account details as follows:

    • Recipient NameICICI Bank
      Recipient Bank ICICI Bank Hongkong
      Recipient Bank Clearing / Sort Code 251
      Recipient Account Number 852000167
      Receipient Bank Branch Code 681

    • Enter the Tracking Number in the field provided for "Message to recipient" or "Purpose of payment" or "Payment Reference". Please note that unless we receive the complete Tracking Number with your funds, we will not be able to process your transaction. So check with your bank (or on your bank's Web site) about which field to use to send a personalised message to the recipient.
    • Enter the amount to be transferred. This should be the same as the amount confirmed on the Money2India website.

      Important: Please note that Fixed Rupee Transfer request and the confirmed rate is applicable only if your funds are availabel to ICICI bank Limited, India, for processing, on or before the validity date with complete and correct details. In case the funds are not availabe within the validity date, your request will be processed as a regular request and the rate as applicable at the date and time of conversion of your funds will be applied to your transaction. The confirmed rate will not be valid for Fixed Rupee Transfer requests where funds are available to ICICI Bank after the Validity Date.

  4. Confirm the third party payment/ fund transfer, to complete the money transfer request.

Once the clear HKD funds are available to ICICI Bank Limited, India for processing, on or before the validity date provided, with complete and correct details, ICICI Bank will convert the funds into ` at the exchange rate specified for the Fixed Rupee Transfer transaction initiated and disburse the specified rupee amount (as requested by you at transaction request initiation) to your receiver in India.

 

IMPORTANT: Please note that only if the funds are received in our overseas correspondent bank account on working Day 0 before the cut-off time of clearing overseas, the same is typically available to ICICI Bank Limited, India, for processing on the next working day i.e. Day The Validity date refers to the date of availability of funds to ICICI Bank Limited India for processing.

 

FAQs