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Money2India Login Register Now Rates and Charges
  • Money2India Exchange Rates

    USA = ₹ 67.00


    UK = ₹ 84.87


    Australia = ₹ 50.24


    Canada = ₹ 50.73


    Singapore = ₹ 47.35


    Hong Kong = ₹ 8.59


    Switzerland = ₹ 66.49


    Sweden = ₹ 7.30


    UAE = ₹ 18.45

    *Confirmed exchange rate for Money2India USA and Indicative rates for other geos for transfers of 3000 Foreign Currency Units & above as on December 07, 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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Foreign Currency Cheque

What is Foreign Currency Cheque?

This is an easy and most convenient way to credit cheques drawn in foreign currency into your ICICI Bank account. You can approach any ICICI Bank branch to deposit your cheque.

What can you deposit?


We accept cheques, travelers cheques, demand drafts, cashier orders, pay orders, and bankers' cheques etc.

Please submit your cheques along with a signed Indemnity Letter cum deposit slip to the nearest branch. To download Indemnity Letter cum deposit slip, please click here.

Please ensure that instruments are deposited at ICICI Branch in India with proper acknowledgment in the specified deposit slip only. Do not deposit instruments in drop boxes.


Cheques less than below mentioned amounts are not accepted:

 

Currency  Code FCC CURRENCYAccount Type
 SavingsCurrent

USD

US Dollar

10

50

GBP

Great Britain Pound

10

50

AUD

Australian Dollar

10

100

CAD

Canadian Dollar

10

100

EUR

Euro

10

100

SGD

Singapore Dollar

10

100

CHF

Swiss Frank

100

100

KWD

Kuwaiti Dinar

100

100

OMR

Omani Rial

100

100

NZD

New Zealand Dollar

100

100

JPY

Japanese Yen

10000

10000

Others

Other than above

500

500

Time for credit into your account


  • Money will be credited into your account ranging from immediately to 21 international working days.
  • Credit in 8 days – Amount is credited within 8 international working days of lodging of your cheque with our correspondent bank. This facility is available for:
    • Instruments having value upto USD 350 or equivalent.
    • For value above USD 350 and below USD 10,000 or equivalent - only on specific request from the customer, provided the beneficiary is holding a savings account and fulfills the Bank's due-diligence criteria .
    NOTE: This is only available for instruments which are drawn in the following currencies and countries: USD instruments drawn on a bank in US; GBP in UK; SGD in Singapore; CAD in Canada.
  • Credit in 15 days – Credit is available after 15 international working days from the day the cheque is logged by the central processing center for cheques upto 10000 USD or equivalent favoring savings account.
  • USD cheques payable in USA and GBP cheques payable in UK of value greater than 10,000 currency units for savings accounts and for any value for current accounts are sent under collection arrangements with correspondent banks in USA and UK. For USD cheques drawn on New York, Philadelphia and Pennsylvania, the confirmed credit is provided to ICICI Bank after 6 international working days from the date of receipt of cheque in the US. For other states the credit is received after 15 international working days from the day the cheque is received by the correspondent bank in US. For GBP cheques the credit is received after 15 International Working days from the time that the cheque is received by the correspondent bank in UK
  • Any cheque not meeting the above criteria (for eg. SGD 15000, USD 8000 payable in UAE) is sent for collection to the drawee bank or collecting bank under Pure Collection Basis. The credit is given when the bank realises the same.
  • For currencies where ICICI Bank does not have nostro arrangements with correspondent banks the funds would be received in our USD nostro for subsequent conversion to INR.
  • Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate.
  • ICICI Bank has nostro arrangement in the following currencies:
    USD, CAD, GBP, EUR, CHF, SGD, AUD, NZD, AED, HKD, JPY and ZAR

Charges


 Customer Segment
Collection Arrangement NRI Customers – (individual)Domestic customers - (individual)Domestic Customers - (Non-individuals)
Instant Credit Rs 250 Rs 250 Not applicable
Cash Letter Arrangement (Credit on day 8) No charges 0.50%,
subject to minimum of Rs.350.
0.50%,
subject to minimum of Rs.350 or as per any specific agreement with the customer
Cash Letter Arrangement (Credit on Day 15) No charges 0.25%
subject to minimum of Rs.250
0.25%
subject to minimum of Rs.250 or as per any specific agreement with the customer.
Final Clearing Services No charges (Charges in Foreign currency might be levied by the correspondent bank) 0.125%
subject to minimum of Rs.250
Additionally : charges levied by correspondent bank in original
0.25%
subject to minimum of Rs.350
Additionally : charges levied by correspondent bank in original
Collection 1. Courier charges of INR 400/-.
2. Such other charges, as the overseas bank may levy.
0.125%
subject to minimum of Rs.250
Additionally : Courier charges of INR 400/-, and such other charges, as the overseas bank may levy.
0.125%
subject to minimum of Rs.250
Additionally : Courier charges of INR 400/-, and Such other charges, as the overseas bank may levy.
Or as per any specific agreement with the customer.
Cheque Purchase Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro. Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro. Interest @17.5% p.a. from the date of credit to customer's account till the date of receipt of funds in the nostro or as per any specific agreement with the customer

 

The above charges are exclusive of any statutory taxes or fees like service tax, education cess etc. All percentage of charges stated above shall be applied on gross amount to be credited.

 

* The courier charges will only be applicable for cheques that are sent under collection.

Service tax will be levied on the converted gross INR amount in accordance with the Service Tax (Amendment) Rules, 2012 of the Government of India w.e.f. 1st April 2012. Please click here to know the slab wise service tax structure.

The charges for clearing favoring EEFC / RFC will be as per above schedule suject to minimum of following:

 

Currency USD EUR GBP AUD CAD SGD
Charge 8 6 4 8 9 13

 

The charges stated above will be charges in the currency of the account holder.

Charges on Cheque Return by correspondent / clearing bank:

For all customer segments, by debit to customer's account. The charges should be total of following:

  • Courier charges incurred by the Bank at INR 400/- (for cheques sent under Pure Collection only).
  • Charges debited by the correspondent bank.
  • Cheque Return Charges of INR 500 + applicable service tax.
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