Fast & Secure
Trade Transfers

ICICI Bank handles both inward and outward trade remittances, supporting a wide range of import-export transactions with seamless fund movement and expert guidance for businesses.

• Receive remittances in 24+ global currencies.
• Correspondent banking partnerships worldwide.
• Receive funds directly into your current/business account after submitting the required shipping and export documents.
• Settle remittances digitally via Corporate Net Banking (CIB) or the Mobile application (INSTABIZ).
• Receive Bank Inward Remittance certificate (BIRC) for compliance and regulatory needs.

• Overseas Buyer requests remittance at their local bank.
• The remitting bank channels the payment through its correspondent (NOSTRO) bank to ICICI Bank’s correspondent bank.
• Funds are finally credited to exporter's account, subject to complete documentation stating the purpose of the remittance.

• Initiate remittances online via Corporate Internet Banking or Mobile application, or visit a branch.
• Make remittance in 38+ global currencies
• Make payments for imports and advance import payments worldwide.
• Wide network of correspondent international banks for fast transfer.
• Upload documents and regulatory acceptances directly online.

• Competitive exchange rates and transparent fee structure.
• Dedicated Relationship Managers for guidance.
• Solutions for Letters of Credit, Buyer’s Credit, and Import Bill Collections.

A trade remittance is a transfer of funds to or from India for the settlement of import or export transactions, payment for services, or other business-related cross-border dealings as per FEMA guidelines.

You can initiate trade remittances online through Corporate Internet Banking, InstaBIZ app, or by visiting your nearest ICICI Bank branch. Required transaction and beneficiary details, as well as supporting documents, must be submitted as per RBI norms. 

Generally, for imports, an invoice/ Purchase order/Contract, Bill of lading/ Airway bill, Bill of entry, a, and a purpose code are required. 

For exports: Export Invoice, Shipping Bill, Bill of Lading/Airway Bill, and purpose code. Additional documentation may be needed based on transaction nature or regulatory requirements. 

Funds for inward trade remittances are credited within 1 hour* of receiving the disposal instruction and required documents, subject to verification.

*for eligible transactions only 

FIRC is issued for inward remittances related to Foreign Direct Investments (FDI/FII) upon specific request. Whereas Bank Inward Remittance certificate (BIRC) is provided for export proceeds and other remittance scenarios. Exporters can request these documents from ICICI Bank for compliance and regulatory purposes. 

 Please click here to generate Wire Transfer information to the overseas remitter