BEST FOR

NRIs wanting to transfer money overseas securely

  • Confirmed Exchange Rate

  • Transfer in 21 Currencies

  • Full value credit up to the receiver bank in USD, GBP, AUD sent to the respective home country

  • Confirmation on credit to receiver’s account

Things you should know

  • Regular updates

    Get regular transaction status updates on the registered email id / mobile number

  • Transfer Limits

    For NRO to overseas account / NRO to NRE account: Up to USD 1 million or its equivalent per year, subject to the limits as per source of funds.

    No limit on transfers from NRE account.

  • Documentation

    Documents required for transfers for NRO account include remittance request form, supporting documents depending on the source of funds along with applicable Annexures. Form 145 & 146 depending on the purpose of remittance may be applicable.

  • Repatriation of FCNR Account

    Directly repatriate the funds from FCNR account to an overseas account in the original foreign currency without converting it in INR.

About branch based transfers

Eligibility Criteria

ICICI Bank account holders are eligible for the branch-based overseas money transfer service. Transfers are available from NRE/NRO accounts, with no limit on NRE to overseas account transfers.

Simple Process at branch

To initiate the transfer, visit your nearest forex-enabled ICICI Bank branch. Submit the remittance request form along with supporting documents. Our branch officials will assist in initiating the transfer.

Documentation

Documents required for transfers for NRO account include remittance request form supporting documents depending on the source of funds and Form 145 & 146 as applicable

Charges for Overseas Money transfer

Click here to know the charges for overseas money transfer. GST on currency conversion and above charges will be applicable additionally.

FAQs on branch based transfer

How can I send money overseas from my NRE/NRO Account ?

ICICI bank Account holders can transfer money overseas from their NRE/NRO account in India to any bank around the world, using Retail Internet Banking or iMobile App via Money2World or visit the nearest forex-enabled ICICI Bank branch.

In how many currencies can I send money overseas?

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).

Are there any transaction limits for transferring money overseas online?

The transaction limits for transferring money overseas online are as below:

transaction limits
Transaction Type Per Financial Year
NRO account to Overseas account
NRO to NRE account		 USD 1 million or it’s 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
NRE account to Overseas account No limit

Who can be the receiver for overseas money transfer from my NRO Savings Account?

Overseas money transfer can be done to:

  • Your own NRE Account with ICICI Bank under the same/ different Customer ID (such NRE Accounts can be selected from the dropdown)
  • An Overseas Account
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Disclaimer

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