Power Transfer (Web Based Wire Transfer)

Power Transfer (Web Based Wire Transfer) is ICICI Bank's online wire transfer channel. NRIs can transfer money to India in as short a time as 48 hours. Power Transfer (Web Based Wire Transfer) eliminates the errors associated with a normal wire transfer by giving remitters a printed wire instruction form and a tracking number to track the remittance online.

All you have to do to send money to India is to transfer the amount, along with ICICI Bank charges, to an ICICI Bank account (or any of its correspondent banks). You don’t even need to have an account with ICICI Bank: you can send the money through any bank of your choice.

Benefits

• Easy Money Transfers
  

  	Electronic transfers into any ICICI Bank account with over 1,400 branches in India
  	Electronic transfers into accounts with over 50,000 bank branches of over 100 banks in India
  	Ready Cash payout from any of the 195 ICICI Bank branches across 28 cities in India
  	Electronic transfers into any ICICI Bank Remittance card account in India
  	Electronic transfers into any Visa Debit/ Credit Card** account issued in India
  	Demand Drafts issued and payable at over 3000 locations in India

• No limits
  Click here to know the Visa Money Transfer limits for all currencies
• Flexible, because you can remit in 10 currencies.
• Neither you nor your beneficiary needs to have an account with ICICI Bank
• Demand Drafts issued and payable at over 2500 locations in India
• Competitive exchange rates
• Online tracking of the status of your funds
• Charges
  

  USD 2 (inclusive of service tax @10.3%) for amounts of USD 1000 or below (equivalent in other currencies). No USD charge for larger amounts

  Foreign currency conversion charge of INR 25 (inclusive of service tax) per transaction will be levied on every remittance request where foreign currency conversion is carried out on or after May 16th 2008. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount

  
  

Ready to Transfer Money?
To send money, Register with Money2India now. If you are already a registered user Click here to log in.

** Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account.

Other modes of Money Transfer

• Correspondent Banks