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ICICI Bank launches new remittance service

ICICI Bank launched ‘Money2World’, a fully online outward remittance service for resident Indians. Non-account holders of ICICI Bank can now transfer money online from any bank account in India to any bank account overseas in 16 major currencies. A first-of-its-kind service by any bank in India, it is available to users 24×7 on all days. To avail this service, a user has to do one-time online registration on by uploading her/his KYC documents. Once registered, a user can initiate a request anytime, anywhere to remit money abroad, at a confirmed exchange rate, thereby eliminating the worries associated with currency fluctuations. Users can remit money overseas from India using ‘Money2World’ for an array of purposes including education, maintenance of close relatives, medical treatment and visa fee to emigration authorities or embassies, among others. Vijay Chandok, president of the bank, said with this new service, the bank continues to live up to its commitment to offer customer centric solutions enabling quick and hassle-free money transfers. Remitters can also track the status of their money transfer request on the Money2World website or by calling the ICICI Bank customer care in India.

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