Online Money Transfer

Important update for Internet based remittances effective December 8th 2015 - Please note that remittance transactions to India through Internet banking facility will be disbursed same day to any bank in India subject to operational cut off.**

 

**Transaction request received on a working day upto 4 pm SGT shall be processed same day, transaction request received post 4 pm SGT shall be processed the next working day subject to satisfactory completion of and compliance with the Bank’s standard procedures (working day for the purpose of such transfers is defined as a working day in Singapore and India).

ICICI bank account holder can send money to India 24/7 with ICICI Bank Internet banking:

  • Zero fee upto March 31st 2018
  • Fixed and preferential exchange rate
  • Send in SGD,USD and INR
  • Payment options:
    • ICICI current account
    • eNETS (*eNETS is a Direct Debit enables Internet Banking users to make real-time payments from their bank account. Participating banks include, DBS, POSB, Standard Chartered Bank , Citibank and UOB. This is for SGD and INR only. 
  • Receiving options:
    • Same day** to ICICI Bank in India and Any bank in India participating in NEFT clearing.
    • **Transaction request received on a working day upto 4 pm SGT shall be processed same day, transaction request received post 4 pm SGT shall be processed the next working day subject to satisfactory completion of and compliance with the Bank’s standard procedures (working day for the purpose of such transfers is defined as a working day in Singapore and India).
  • Standing Instruction - A 'Standing Instruction' (SI) allows accountholders to schedule regular fund transfers from their ICICI Singapore current account to designated beneficiary account(s) in India. By pre-scheduling the time and amount of a transfer, you can ensure that you would never miss an important fund transfer again!
  • Rate Block - This feature allows you to set your ideal currency conversion rate for your online money transfer transaction. Simply input a minimum exchange rate of your choice for carrying out a transfer ("Minimum Exchange Rate"), and the transaction will automatically be processed only when our exchange rate reaches or becomes higher than your pre-set Minimum Exchange Rate. If your pre-set exchange rate is not reached within 15 days of setting up the Rate Block, your money transfer transaction will be cancelled until you are ready to set a new rate

# Same day fund transfer is subject to cut off timings, presently 4 PM (subject to satisfactory completion of and compliance with the Bank’s standard procedures).

Important update for Internet based remittances effective December 8th 2015 - Please note that remittance transactions to India through Internet banking facility will be disbursed same day to any bank in India subject to operational cut off.**

 

**Transaction request received on a working day upto 4 pm SGT shall be processed same day, transaction request received post 4 pm SGT shall be processed the next working day subject to satisfactory completion of and compliance with the Bank’s standard procedures (working day for the purpose of such transfers is defined as a working day in Singapore and India).

ICICI bank account holder can send money to India 24/7 with ICICI Bank Internet banking:

  • Zero fee upto March 31st 2018
  • Fixed and preferential exchange rate
  • Send in SGD,USD and INR
  • Payment options:
    • ICICI current account
    • eNETS (*eNETS is a Direct Debit enables Internet Banking users to make real-time payments from their bank account. Participating banks include, DBS, POSB, Standard Chartered Bank , Citibank and UOB. This is for SGD and INR only. 
  • Receiving options:
    • Same day** to ICICI Bank in India and Any bank in India participating in NEFT clearing.
    • **Transaction request received on a working day upto 4 pm SGT shall be processed same day, transaction request received post 4 pm SGT shall be processed the next working day subject to satisfactory completion of and compliance with the Bank’s standard procedures (working day for the purpose of such transfers is defined as a working day in Singapore and India).
  • Standing Instruction - A 'Standing Instruction' (SI) allows accountholders to schedule regular fund transfers from their ICICI Singapore current account to designated beneficiary account(s) in India. By pre-scheduling the time and amount of a transfer, you can ensure that you would never miss an important fund transfer again!
  • Rate Block - This feature allows you to set your ideal currency conversion rate for your online money transfer transaction. Simply input a minimum exchange rate of your choice for carrying out a transfer ("Minimum Exchange Rate"), and the transaction will automatically be processed only when our exchange rate reaches or becomes higher than your pre-set Minimum Exchange Rate. If your pre-set exchange rate is not reached within 15 days of setting up the Rate Block, your money transfer transaction will be cancelled until you are ready to set a new rate

# Same day fund transfer is subject to cut off timings, presently 4 PM (subject to satisfactory completion of and compliance with the Bank’s standard procedures).