Money2India Business FAQ's

Popular questions

Who should register as a Business?


Entities registered in USA wanting to send money to India for underlying business transactions can register as Business on money2india. Currently this service is available only for US to India corridor.

What are some examples of business activity?


Business activity can be providing legal services, accounting or auditing services, website or mobile app development, maintenance or repair services, consultancy services, travel for business purposes, engineering services, etc.

Documents related

Why do I require to submit documents?


We need to ensure proper documentation to verify the genuineness of the user in compliance with USA regulations and enable secure transfer of money.

What documents are required to be uploaded for authentication?


Following documents need to be uploaded on the M2I platform within 30 days of registration:

  1. Article of Incorporation / Article of Association / Certificate of Incorporation
  2. W8/W9 Certificate
  3. Address Proof- Any acceptable utility bill (Electricity, Water etc.), Bank statement etc. – less than 3 months old
  4. Board Resolution - Please upload Board resolution / document on Business letterhead, as proof of authorizing the person registered to conduct financial transaction on behalf of the Business
  5. Beneficial Ownership Details [If applicable, please provide details (Name and Ownership percentage) of everyone who owns 25% or more of the organization on the Business letterhead]
  6. Ownership Structure

What happens if I upload incorrect document?


We will verify the document uploaded and communicate with you to re-upload the correct one.

How many attempts are allowed to upload the correct document?


We allow a maximum of 3 attempts to upload the required document. If you upload incorrect documents thrice, then your account cannot be verified. You can email us at nri@icicibank.com from your Money2India registered email id, to help verify your account. Each document can be PDF / JPG / JPEG / TIFF / PNG upto 2MB.

What should be the file size and format of the document?


Each document can be PDF / JPG / JPEG / TIFF / PNG upto 2MB.