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Wire transfer is a fast and simple way to do an Outward Remittance. It enables you to transfer funds from your account to beneficiary account across the globe.
Benefits
Remittance Limit :- Wire transfer can be made up to any amount subject to limits prescribed vide FEMA.
Convenience :- Transfers through Internet Banking for ICICI Bank customers
Credit confirmation :- Confirmation on receipt of funds by the receiver (Date of credit to receiver account depends on the remittance currency selected)
Currencies
ICICI Bank offers retail outward remittance facility in the following currencies: USD, GBP, EURO, SGD, CAD, AUD, CHF, HKD, JPY, AED, SAR, DKK, NOK, SEK, QAR, NZD, ZAR, OMR, THB, BHD and PLN.
Charges of Wire Transfer
| Mode of Remittance | Charges for resident customers (account holder and non-account holder both) | Charges for NRI Customers (applicable for repatriation from NRO/NRE accounts only) |
|---|---|---|
| Foreign Currency Demand Draft issuance /cancel/ reissue/ revalidate | INR 500 | INR 500 |
| Wire Transfer initiated through ICICI Bank branch (all currencies other than USD in USA) | INR 1000 | INR 500 |
| Wire Transfer initiated through ICICI Bank branch (USD in USA) | INR 1500 | INR 1500 |
| Wire Transfer initiated through ICICI Bank Internet Banking / iMobile Pay App (all currencies other than USD in USA) | INR 750 | INR 500 |
| Wire Transfer initiated through ICICI Bank Internet Banking / iMobile Pay App (USD in USA) | INR 1000 | INR 1000 |
| INR Transfers to Nepal & Bhutan | INR 2.50 per 1,000 subject to a minimum of INR 75 | INR 2.50 per 1,000 subject to a minimum of INR 75 |
GST will be levied as per the existing rate over the charges mentioned above. Further GST will be levied on the converted gross INR amount in accordance with the new rules w.e.f. July 1, 2017. Please click here to know the slab wise structure.