What are the services offered by Correspondent Banks?
ICICI Bank is committed to making banking as convenient as possible for the global Indian. To make it easy for NRIs anywhere in the world to send money to their loved ones in India, ICICI Bank has partnered with several banks to provide a variety of offline money transfer products.
These options include:
- ICICI Bank transfer: Get direct credit into the beneficiary ICICI Bank account instantly or within 24 hours*.
- Non ICICI Bank electronic fund transfer: Avail of electronic credits to the beneficiary maintaining account with over 100 banks in India, within the same day*.
- Demand draft: Purchase a Rupee Demand Draft across the counter, from any of the specific partner bank locations. The remitter can physically carry the DD to India or courier to beneficiary.
*Day excludes weekends (Saturday and Sunday), banking and public holidays in India. The Bank will process transactions received before the cut off time on the same working day. Transaction requests received after the cut off time will be processed on the next working day.