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  • Money2India Exchange Rates

    USA = ₹ 66.15

    UK = ₹ 81.01

    Australia = ₹ 50.85

    Canada = ₹ 50.22

    Singapore = ₹ 47.42

    Hong Kong = ₹ 8.46

    Switzerland = ₹ 66.09

    Sweden = ₹ 7.40

    UAE = ₹ 18.15

    *Confirmed exchange rate for Money2India USA and Indicative rates for other geos for transfers of 3000 Foreign Currency Units & above as on October 21, 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.


  • 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 Drafts issued and payable at over 700 locations in India
    • Competitive Exchange Rates


Remittance service charge:

  • Fixed rupee the service charge is:

    No SGD charge irrespective of the amount of transaction
  • 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?

  • To use this feature, you need to be registered on
  • Login to your Money2India account and follow these simple steps to initiate a Fixed Rupee transfer request:
    • Select NetExpress (NetBanking Transfers) as the Transfer mode.
    • Select the Remitter Account from where you will be sending funds to India.
    • 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"
    • Click on the check box for availing the Fixed Rupee transfer facility to send money to your selected receiver
    • Enter the rupee amount that you want to send to your selected receiver and select your remitter bank name from where you will be sending the funds.
    • Click on the Confirm button.
    • 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.
    • 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.

Once you submit these details, for current dated transactions, we will provide you with the confirmed exchange rate applicable to your remittance, applicable till the Validity Date, and the SGD amount that you need to send from your DBS bank's “Bill Payment” option in Singapore. The funds should be available to ICICI Bank Limited, India (“ICICI Bank”) for processing on or before the Validity Date


Confirm the transaction details displayed, specifically the receiver details, Purpose of remittance, transaction amount details in Rupee and SGD, exchange rate and validity date for applicability of the rate, charges applicable (if any).


Important: Please note that Fixed Rupee transfer request and the confirmed rate is applicable only if your funds are available to ICICI bank Limited, India, for processing, on or before the Validity Date with complete and correct details. In case the funds are not available 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. Upon confirmation you will be shown the transaction tracking number.


Transaction fulfillment process to be followed, post obtaining the above tracking number (through DBS/POSB) is:

  • Log on to the Internet Banking application of DBS/POSB Bank at
  • Select "Bill Payment" under "Payment Services" option in the navigation menu on the left or using the "Shortcuts" list.
  • On the Bill Payment page, click on the "Please select a corporation" option, choose "ICICI Bank" from the list and click "Submit".
  • Next, select the account you want to make the payment from in the "From account" list, enter the Tracking Number (given above) in the "Consumer Reference No." field and enter the amount to be transferred in the "Payment Amount S$" field
  • Click "Submit" at the bottom of the page to complete the money transfer request.

After you have submitted the transaction, DBS will send a single use 'One Time Password(OTP)' to your mobile phone or message pager via SMS or message page. This OTP will be used to authorise your DBS/POSB Funds Transfer Application or Interbank Funds Transfer Application on DBS iBanking or details on the SMS OTP, please visit:

After completing the transfer request, you can use the Track Your Remittance facility (on Money2India) anytime, to check the status of your transaction.


For OCBC customers, the transaction fulfillment process to be followed will be :

  1. Login to OCBC Online Banking at using your Access code and Pin.
  2. From the top menu bar, select "Payment & transfer" option and select "Pay bills".
  3. On the left navigation menu, select "Single bill payment" and then select "Pay Billing Organization".
  4. Select "ICICI Bank Ltd" as the Billing Organization.
  5. Enter the unique Tracking Number provided by ICICI Bank Money2India in the "Bill reference no." field
  6. Enter/Select payment details as below:
    1. Amount SGD :
    2. The payment date (if it is not today);
    3. Your OCBC Bank account number
  7. Confirm the details in the next screen and click "Submit" to complete the request