Over
17 million Indians
worked abroad in 2017, according to the Un, and many of those workers sent money home. In 2018, Indian-origin workers sent $79.5 billion in
remittances
—a higher amount than whatever other country in the globe.
If you’re working overseas, you know there are several reasons to send coin back to
India
. You may desire to save for the future, invest in education, pay a parent’due south medical bills, or aid a friend outset their business organization.
Merely it tin exist expensive and time-consuming to
transfer money
abroad, especially if you need to send a big sum. Whether information technology’s your first fourth dimension sending coin to
Republic of india
or you only want to find better rates,
Remitly
is committed to helping you send money to
India
safely and hands. Dissimilar bank-specific coin transfer services, you can use Remitly to transport to ICICI and 139 other banks across India, all from the same app.
In this commodity, we’ll encompass central facts about
ICICI Banking concern
and the
rupee
. We’ll also review everything you demand to know almost your options for sending coin to
India
.
What to know near
ICICI Banking concern
in
India
Every bit one of the
largest banks
in
India
,
ICICI Bank
is a pop choice for sending money from overseas. It was established in Gujarat in 1955 and has over five,200 locations in
Republic of india
, with nearly 16,000
ATMs
that
business relationship holders
tin use to withdraw cash.
Popular with Indians abroad, yous can also find an ICICI branch or subsidiary in 17 other countries, including the
USA
, the
United kingdom of great britain and northern ireland
, Federal republic of germany, and
Singapore
.
ICICI Banking concern
uses mod technology to serve its customers, including voice recognition for banking transactions and a “Safe Vault” for automatic security.
Fast facts most the Indian
rupee
The Indian
rupee
(
INR
) is i of the earth’s oldest currencies, with a history that dates back over 2,000 years. The electric current class of the
rupee
is issued by the Reserve
Depository financial institution of Republic of india
and denoted by the symbol ₹.
Residents of
India
can enter or exit the country with upwards to 25,000
INR
, but
non-resident Indians (
NRIs
)
are prohibited from carrying
rupees
into or out of
Bharat
. Of course, sending money to
India
using an
ICICI Depository financial institution account
is much safer and more convenient than carrying banknotes.
The
exchange rate
between the
rupee
and other currencies changes over time. The but currencies that don’t change in relation to the
rupee
are the
Nepalese
rupee
and the Bhutanese ngultrum, which are pegged to the Indian
rupee
.
Send money to ICICI in
India
in four piece of cake steps
Sending coin to an
ICICI Banking company account
in
India
is easier than you think. In fact, information technology just takes virtually four steps to submit the transfer:
-
First, download the
Remitly
app
, and create an account. - Tell united states how much you want to send and select “Banking company Deposit.”
-
Choose ICICI. Enter your recipient’s name, address, and
bank account number
. You tin can besides add their phone number then they tin get SMS updates. - Add your payment information.
Once yous’ve added your payment information and submitted your transfer, your coin will be on its way and y’all can track it using the
mobile app
.
Why should I utilise
Remitly
to transport coin to ICICI?
Every dollar, pound, or euro counts. That’south why we offer great
exchange rates
for the Indian
rupee
, whether you’re sending
USD
, AUD, or other major currency. If information technology’south your first fourth dimension using
Remitly
, y’all’ll go a promotional
exchange rate
for your first transaction.
In improver to being fast and affordable, we offer a high level of security to protect your personal data and prompt
customer care
when yous need it.
With over 10 years of experience in the industry, nosotros’ve earned our
customers’ trust
to
send money online
without hidden fees and
service charges
.
Because we don’t have physical branches, we’re able to keep costs low, only you can notwithstanding conform for a
cash pickup
at convenient
locations all across
Bharat
.
How rapidly will my money go far?
At
Remitly
, we offer two delivery speeds for sending money to
India
. If you need to send money urgently, our Limited service will deliver it within hours or even minutes. If you tin can wait three-5 days, we offer an Economy option with a slightly unlike substitution charge per unit.
Regardless of the option you cull, you will ever be able to track your transfer on our app.
When y’all use an
online coin transfer service
like
Remitly
, there’s no need to visit a physical location or wait for a check to articulate. You tin can simply transfer funds with your attached bank business relationship,
debit card
or
credit bill of fare,
just as yous would with an in-country payment app like Venmo or Apple Pay.
Keep in listen that
credit card
transactions
typically incur a processing fee—iii% in the U.Southward.—and so it’s cheaper to apply a
debit card or bank account
when possible.
How much money can I send to
ICICI Banking concern
with
Remitly
?
When you first sign up with
Remitly
, y’all can send up to $2,999 in 24 hours without any additional paperwork. If yous’d like to ship more, we’ll ask for a few more documents in gild to comply with international regulations and keep your account condom.
You can send the following amounts without
increasing your spending limit
:
- $2,999 in 24 hours
- $10,000 in thirty days
- $xviii,000 in 180 days
Why do nosotros have these limits? In curt, to run into our obligations under international banking laws and to protect our customers from
fraud and scammers
. Nosotros take the security of our customers seriously when sending coin across borders.
You can visit our
FAQs
page
to larn more than most our verification process and encounter what documents may exist required in your region. We take a listing of acceptable documents for the U.S.,
Australia
, Canada,
seafarers
, and more than.
Is information technology condom to send money to
ICICI Depository financial institution
with
Remitly
?
Yes, information technology is safe to send coin to
ICICI Depository financial institution
in
India
with
Remitly
. Non just can you rails your transfer online or via SMS, but we likewise have an in-firm information security squad that’s dedicated to keeping your information prophylactic.
We have many behind-the-scenes protocols to protect our customers:
- We always verify your account.
- Nosotros utilize bank-level encryption to transport information.
- We monitor every account for suspicious activity.
Your peace of mind is important to us, every day.
Of course, yous should still follow online safety practices to keep your data safety. Yous can take steps to protect your account past setting upward two-cistron hallmark, using a stiff password, and storing your account details in a safe identify.
By using a reputable
online money transfer service
similar
Remitly
, you lot can be confident that your money will get where you want information technology to go.
Is
ICICI Banking concern
the but Indian bank I can ship to?
No,
ICICI Banking company
is ane of the nearly popular banks in
India
, but it isn’t the merely bank you can use. Other major banks include
HDFC Bank
and the State
Bank of Bharat
, both of which are headquartered in
Bombay
.
When you employ the
Remitly
app to
send money to
India
, you can transport money to any of the major
Indian banks
, including
ICICI Bank
, and track it every footstep of the mode. You’ll also go low
transfer fees
and a
competitive exchange rate
every time..
Choose the right
money transfer
service
Sending an online money transfer to
ICICI Bank
in
India
is faster and safer than sending a bank check or conveying cash, and more convenient than going to a coin amanuensis. Once you’ve fix your first transfer to
ICICI Bank with Remitly
, you can rapidly repeat the procedure whatever fourth dimension you need to send moneySimply log into the app.
Of course, when you ship coin home to
India
, y’all want to know the
fund transfer
arrived safely and on fourth dimension. With
Remitly
, you can go that peace of listen—and save money due to our low
transfer fees
and
competitive exchange rates
.
Our
money transfer
app is trusted past millions of people around the world. Larn more at
Remitly
.com
or go ahead and
download the app
to get started.
Further reading
- eight of the About Pop Banks in Republic of india
- How to Send Coin Safely to HDFC Banking company in Bharat in v Like shooting fish in a barrel Steps
- How to Send Coin Safely to Land Bank of Republic of india in 5 Easy Steps
Source: https://blog.remitly.com/money-transfer/how-to-send-money-to-icici-ibank-india-safely/