How does Wire transfer work

For smooth and timely processing of the transaction:

• For smooth and timely processing of the transaction: Please ensure that your Name, overseas bank account number, email ID, overseas address / contact number and Purpose of Remittance is mentioned in the wire transfer message sent by your local bank. Kindly mention Charges as "OUR" in the wire (swift) remittance form.
• For credits to any other bank in India please provide the complete beneficiary bank branch address and preferably the IFSC code
• Please note that the SWIFT code / BIC of the intermediary bankmentioned above is currency specific and is common for all branches
• Do not mention account number for opening a FCNR fixed deposit, kindly ensure your Customer ID is mentioned.
• For timely credits to your account you must provide the purpose of remittance.
• While remitting funds for FCNR deposit, do not mention your NRE/NRO savings account number to avoid the funds getting converted to INR.
• RFC deposits can be opened in USD and GBP currencies only.
• FCNR deposits can be opened in USD, GBP, AUD, CAD, and SGD currencies only.
• Minimum amount for opening RFC/FCNR account: USD 1000, GBP 1000, AUD 2000, CAD 2000, and SGD 2000.
• FCNR Deposits without tenure mentioned in SWIFT would be made by default for 1 year 1 day.
• In case, your local bank’s wire transfer form does not have an option to enter correspondent bank details, then you may kindly check with your local bank in order to include the correspondent bank details as provided in Wire Transfer /SWIFT details.

1.Ensure that your local bank mentions your account number, name address and purpose of remittance in the payment message to avoid any delay in processing your transaction.

2.Swift / BIC Code for ICICI Bank for retail remittances is: ICICINBBNRI.