Transfer money overseas digitally anytime and anywhere from ICICI Bank Savings Account in India, using Retail Net Banking or the ICICI Bank's iMobile app via Money2World.
Confirmed exchange rates and two-factor authentication with OTP and Debit Card grid verification for safe transfers online
Transfer USD 100,000 (or its equivalent) from your ICICI Bank Savings Account in a single transaction.
No deductions by the intermediary banks. Full value is credited to beneficiary bank for remittances in USD, AUD and GBP remitted to their respective home countries.
Confirmation sent via e-mail and SMS on credit of funds to the beneficiary’s account.
Transfer education fees using pre-verified and pre-added university feature directly to university accounts in the USA, UK and Australia.
Fund your GIFT City account in foreign currency using ICICI Bank's iMobile app or Net Banking through Money2World
The Liberalised Remittance Scheme is a facility available to all resident individuals making remittance up to USD 250,000 per financial year for permissible current or capital account transactions or a combination of both. It is mandatory to have a PAN number to make a remittance under this scheme.
For resident Indian - Up to USD 250,000 (or its equivalent) per financial year.
For foreign nationals - Up to the salary earned in India after deduction of taxes
For NRI customers – Up to the balance available in the NRE account and for NRO account up to USD 1 million or its equivalent, subject to limits as per source of funds:
Current income (rent, dividend, interest etc) – No limit
Capital assets (sale of assets, property, shares, gift from relatives etc.) – USD 1 million or it’s equivalent
Under LRS, remittances can be made for any permissible current account transactions (like Studies Abroad, Maintenance of relatives, Leisure Travel, Gift, Donation etc) or capital account transactions (like Investments in equity shares, debt instruments, immovable property etc) or combination of both.
Form A2 – Retail Outward Remittance Application
Supporting documents for the purpose of remittance (as applicable)
Supporting documents for source of funds (as applicable)
Form 15CA or 15CB as applicable for Non-LRS transactions
Log in to ICICI Bank's iMobile app.
Click Send Money → Transfer Overseas and select the account number
Select destination country, currency, enter amount,
Select purpose of remittance and add receiver
Select the source of funds and accept the “T&Cs and declarations
Authenticate using OTP and debit card grid values .
• Online 24x7 using Net Banking and ICICI Bank's iMobile app
• Available in 21 Currencies
• Confirmed exchange rates
• Two-Factor Authentication
Under the Liberalised Remittance Scheme (LRS), all resident individuals are allowed to freely remit up to USD 250,000, per financial year.
Citizens of foreign countries, having an ICICI Bank Salary Account, can transfer their salary earned in India, to any country abroad. Note: Copy of passport, visa and proof of salary will be required.
An NRI may remit an amount up to USD 1 million, per financial year, from the balance held in their ICICI Bank NRO Account (subject to the limits applicable as per the source of funds).
Note: Additional documents may be required for different purposes and source of funds
FAQs
Money2World is ICICI Bank’s secure online overseas money transfer platform to send money overseas from your ICICI Bank Savings or Salary Account using Net Banking or the ICICI Bank's iMobile app.
Resident Indians, NRIs and foreign citizens with an eligible ICICI Bank account can transfer funds overseas.
Non ICICI Bank customers can walk-in to ICICI Bank Forex enabled branch to give the remittance request.
Overseas money transfer can be initiated in 21 currencies.
These include USD (US Dollars), EURO (Euro), GBP (British Sterling Pound), SGD (Singapore Dollars), CAD (Canadian Dollars), AUD (Australian Dollars), CHF (Swiss Franc), HKD (Hong Kong Dollars), JPY (Japanese Yen), AED (Arab Emirates Dhiram), SAR (Saudi Arabian Riyal), DKK (Danish Kroner), NOK (Norwegian Kroner), SEK (Swedish Kroner), QAR (Qatari Riyal), NZD (New Zealand Dollar), PLN (Polish zloty), BHD (Bahraini Dinar), OMR (Omani Riyal), THB (Thai Baht), ZAR (South African Rand).
ICICI Bank offers competitive and confirmed exchange rates. You can also set up personalised Rate Alerts to monitor INR to foreign currency rates. The rate alerts will be sent via e-mail and SMS.
Can I send fees to a university abroad with Money2World?
With our pre-added and pre-verified universities feature, you can pay overseas universities securely in just a few clicks, to select universities in USA, UK and Australia. Below are the simple steps :
Note: If you can’t find your University Bank Account, select the ‘Add New’ option
ICICI Bank Resident Indian Account holders transferring money using Money2World
ICICI Bank Foreign National Account holders transferring money using Money2World
ICICI Bank NRO Account holders transferring money using Money2World
ICICI Bank NRE Account holders transferring money using Money2World
