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Personal ›Forex Services ›Student Solutions ›Outward Remittances
student-proposition

Outward Remittances

Transfer funds abroad in an easy and hassle-free way with our Outward Remittances service. Please note that while processing your request, we would require the beneficiary details like the name, account number, address, country name, bank name, address, SWIFT Code and ABA Routing number (for USA) /Sort Code (for UK) /BSB number (for Australia) /IBAN number (for European countries).

Features

  • Pay University fees abroad quickly and conveniently with our Outward Remittances facility.
  • Wire Transfer facility is available in 16 currencies- USD, GBP, Euro, AUD, CAD, AED, JPY, CHF, SGD, HKD, SAR, DKK, NOK, QAR, NZD and SEK
  • The Fund Transfer Abroad facility is available for resident students for remitting education fees online.
  • FEMA limits will be applicable
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Documents required for Outward Remittance

For ICICI Bank Account Holders

For remittances under the purpose of education, Form A2 cum Retail Outward Remittance Application would be required.

 

For Non ICICI Bank Account Holders

Documents as mentioned for customers + KYC documents

 

Note: Please mention student identification details like the Student ID / Enrollment number in the Form A2 cum Retail Outward Remittance Application.

 

You can take a print-out of the Form A2 cum Retail Outward Remittance Application loaded here, fill it and walk into your nearest branch.

Foreign Currency (notes)

Currency notes are the most widely accepted means of carrying Forex – they are accepted at all establishments, big or small. Ideal for small day-to-day expenses, they are an essential part of every overseas student’s wallet.

 

Features

  • Available in 13 currencies - USD, EURO, GBP, CHF, SGD, JPY, AED, AUD, CAD, KWD, HKD, QAR and SAR
  • You would be able to carry up to USD 3,000 equivalent in one trip
  • FEMA limits will be applicable
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Documents required for Foreign Currency (notes)

For ICICI Bank Account Holders

  1. Customer request letter-cum-Form A2
  2. Copy of Passport, duly attested by us on verification with the original

For Non ICICI Bank Account Holders

  1. Customer request letter-cum-Form A2
  2. Copy of Passport, duly attested by us on verification with the original
  3. Documentary proof of admission from educational institutions abroad

You can take a print-out of the Customer request letter-cum-Form A2 loaded here, fill it and walk into your nearest branch.

Foreign Demand Draft

Features:

  • Available in 6 currencies- USD, GBP, Euro, AUD, CAD and SGD
  • The draft can be drawn up to any amount subject to the limits prescribed by FEMA
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Documents required for Foreign Demand Draft

For ICICI Bank Account Holders

For remittances under the purpose of education, Form A2 cum Retail Outward Remittance Application would be required.

 

For Non ICICI Bank Account Holders

Documents as mentioned for Customers + KYC documents

 

Note: Please mention student identification details like the Student ID / Enrollment number in the Form A2 cum Retail Outward Remittance Application.

 

You can take a print-out of the sample Form A2 cum Retail Outward Remittance Application loaded here, fill it and walk into your nearest branch.

For assistance, request a call-back

 

 

 

Customer Testimonials

"Thanks for enabling a swift transfer of money on a short notice to my brothers account. I would take this moment to also thank RM who was quick to resolve the issue of unavailability of few documents and explore different options to ensure that the transfer took place within timelines. Its good to see such professionals in the market who are willing to go extra mile."

 

- Rohit Muthoo from Delhi on transferring funds to his brother Rahul Muthoo

 

 

 

Disclaimer: Terms and conditions of ICICI Bank and third parties apply. ICICI Bank is not responsible for third party goods, services, products and offers.