Money2India is an online money transfer service offered by ICICI Bank, India’s largest private sector bank with over 1.5 million NRI customers. Money2India allow you to send money from its website or mobile apps from the United States (USD), Canada (CAD), UK (GBP), Sweden (SEK), Switzerland (CHF), Singapore (SGD), Hong Kong (HKD), UAE (AED) and Australia (AUD) to India.
Neither you nor the beneficiary needs to be an ICICI Bank customer to use Money2India, and you can send money to any bank accounts accross 75,000 bank branches in India.
Money2India exchange rates and fees depend on the country you send money from and the amount you will transfer. You can choose two options for your exchange rate:
- Money2India Fixed Exchange Rate (or locked-in exchange rate)
The exchange rate is locked-in or confirmed at the time of the initiation of your transfrer. You specify the amount in rupee that you want your recipient to receive, and
- Money2India Indicative Exchange Rate
When choosing indicative exchange rates, the effective exchange rate applied to your transfer will be the Money2India’s exchange rate at the time and hour of the effective conversion of your money.
From the USA, you can send money from your checking or savings bank account to the recipient’s account in India with Money2India’s Express e-Transfer and e-Transfer products. With Money2India’s Express e-transfer, the beneficiary will receive the funds within 1 hour from the request initiation 365 days per year 24/7 for ICICI bank account holder and 2 hours for all other Indian banks.
Money2India also offers additionnal services, such as email notifications, bill payments and a customer service available by phone or email.
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