ICICI Bank and Visa launch first USD-denominated debit card for NRI customers of GIFT City IBU

This first-of-its-kind debit card is linked to ICICI Bank’s USD Global Savings Account offered through the Bank’s IBU. Built on Visa’s premium Infinite platform, the card enables seamless global transactions and provides liquidity by allowing NRIs to access their USD savings in the bank account for usage worldwide at ATMs, PoS and e-commerce platforms. The launch marks a significant step in expanding secure, seamless, and premium offshore payment solutions for NRIs. 

Speaking on the launch, Mr. Vipul Agarwal, Head – Cards and Payment Solutions at ICICI Bank said: “ICICI Bank has consistently focused on creating innovative banking solutions that caters to the evolving global financial needs of NRIs. As global mobility increases, NRIs often face currency conversion costs and fragmented international banking experiences. This USD‑denominated debit card represents an important step in providing customers with seamless access to their USD savings. Our collaboration with Visa enables us to combine global acceptance with premium security and service standards, while further strengthening GIFT City’s position as a leading international financial hub.”

Mr. Rishi Chhabra, Country Manager for India at Visa, added: “Visa is proud to partner with ICICI Bank to launch the first USD‑denominated debit card issued from GIFT City’s IFSC, built on our premium Visa Infinite platform. As cross‑border financial needs continue to grow, this solution enables Non‑Resident Indians to access and spend their US Dollar savings globally with greater convenience, transparency, and control. By leveraging ICICI Bank’s wide reach and Visa’s global network, we are supporting India’s vision of building world‑class financial infrastructure and expanding globally connected payment experiences from GIFT City.”

Key benefits of the debit card:

• Global usage:
  • Zero markup on USD transactions at PoS and e-commerce worldwide
  • Acceptable across domestic and international ATMs, PoS terminals and e-commerce platforms
  • Multi-currency usability for seamless purchases across the globe
• Security and control:
  • EMV chip-enabled technology compliant with regulatory standards
  • Ability to enable/disable ATM, PoS, e-commerce and contactless usage through GIFT City NetBanking
  • Option to set daily transaction limits for enhanced flexibility
• Exclusive privileges: Access to Visa Infinite privileges including exclusive offers from participating global brands and curated travel and lifestyle benefits

New and existing USD Global Savings Account holders with ICICI Bank are eligible for this debit card.

To know more about the card, please visit https://www.giftcity.icici.bank.in/faqs?ITM=nli_nriBanking_na_footer_2_CMS_customerServices_faqs_NLI

ICICI Bank’s IFSC International Banking Unit (IBU) at GIFT City offers various products for NRI customers including Global Savings Accounts in multiple currencies, fixed deposits, loan against deposits (LAD) and investments.

For more information on ICICI Bank’s offerings at GIFT City, please visit www.giftcity.icici.bank.in or contact your Relationship Manager.

For news and updates, visit www.icici.bank.in and follow ICICI Bank on X at www.x.com/ICICIBank

For media inquiries, please contact corporate.communications@icici.bank.in

About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s total assets stood at ₹ 23,72,531 crore at March 31, 2026.

About Visa: Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

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