Individual Remittances can be made at ICICI Bank Limited, New York Branch by opening an International Remittance Transit Account. Easy to open, this account offers you quick transfers to India.
International Remittance Transit Account
With no deposit or requirement of a minimum balance, this account is an answer to the requirements of the discerning customer who wants to remit INR funds to India securely and at competitive exchange rates. The International Remittance Transit Account is a zero-balance, no-fee account which is offered by ICICI Bank Limited, New York Branch for individuals.
There are no charges for remitting Indian rupees to India.
Product Features:
- A no-fee account at ICICI Bank Limited, New York Branch offered to individuals
- Free USD – INR remittances to India
- No initial deposit requirement.
- No minimum balance to be maintained in the account
- Monthly account statements offered.
Account Operations
- This account will not offer any payment or withdrawal features except remittances to India. As this account is intended for outward remittances to India only, no check books or debit cards will be issued for this account
- No interest payable on the account
- Funds in this account should be remitted within 30 days from the date of receipt else the bank would return the residual balance within a reasonable period of time.
Foreign Exchange Rates
- Competitive foreign exchange rates facilitated by ICICI Bank Limited, New York branch treasury
- Quick remittances
- USD – INR exchange rates updated daily at www.icicibankusa.com
Wide Reach
- Transfer to any branch of any bank in India
- Option of direct account transfers / bank drafts (These services and charges may vary on the basis of the bank and location)
Quick account opening and easy transactions
- One-time account set up with minimum documentation
- Remittance instructions can be given over fax/e-mail.
How do I send money to India?
Please speak at 1866-ICICI-4-U for further details.
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