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Online Money Transfers Made Easy

 

Our Online Money Transfers to virtually any bank in India have always been easy and convenient to use. You can do instant* online money transfers to any ICICI Bank account holder in India or to any IMPS1, NEFT2 and RTGS3 enabled banks/branches across India. Take advantage of our pre-confirmed competitive exchange rates and low service charges, all with a few clicks of the mouse.

 

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Features available while Transfering Money Online

FAQs

How can I transfer money online to India from my ICICI Bank Canada account?

You can transfer money online instantly* to almost any bank in India in just a few clicks. Log in to your account, add a new receiver, confirm their details with an OTP and then send money anytime. Transfers can be made to ICICI Bank accounts or any IMPS, NEFT, or RTGS-enabled banks across India.

What is a Rate Block and how does it work?

A Rate Block lets you set your preferred currency conversion rate for your transfer. Once you set a Minimum Exchange Rate, your transfer will automatically process when ICICI Bank Canada’s rate meets or exceeds your set rate. If the rate isn’t reached within 15 days, the transfer is cancelled and you can set a new rate.

Can I schedule regular transfers to India?

Using the ‘Standing Instruction’ feature, you can pre-schedule regular fund transfers from your Canadian dollar account to your beneficiary’s account in India. You can set the amount and frequency so you never miss an important transfer.

What details do I need to add a new beneficiary?

You will need:

  • Full name of the receiver as per their bank account
  • Complete address, phone number and occupation
  • Bank details, including bank name, branch and account number

After entering these details, confirm with an OTP and the beneficiary will be registered within 24 hours.

Are there any limits or fees for online transfers to India?

Each online transfer has a service fee of CAD 5. You can transfer up to CAD 9,000 in a 24-hour period. For IMPS-enabled accounts, transfers can be up to INR 200,000 per transaction. Transfers above this limit will be processed via NEFT or RTGS and may take up to 48 business hours.

How do I add a new beneficiary and send money to India using my ICICI Bank Canada account?

Step 1: Add a New Beneficiary

  • Log in to your ICICI Bank account online
  • Select “Add a New Receiver” and fill in the beneficiary’s personal and bank details
  • Submit the details to save the beneficiary
  • You will receive an OTP on your registered mobile to confirm the new beneficiary
  • If your mobile is not registered, call the 24-hour Customer Contact Centre at 1-888-424-2422 for assistance
  • Confirm the beneficiary by entering the OTP or contacting the support centre
  • The beneficiary will be registered within 24 hours

Step 2: Send Money

  • After the beneficiary is registered, log in and select “Send Money”
  • Enter the amount and other required details for the transfer
  • Confirm the transaction to send money to the registered beneficiary anytime

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* Money transfers to recipient bank accounts that are not held with ICICI Bank Limited in India, will only be credited instantaneously if such recipient’s bank accounts are enabled for immediate payment services (IMPS). If they are not registered for IMPS, money transfers will be processed via National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement (RTGS). NEFT/RTGS transfers may take up to 48 business hours to process. All money transfers to India are subject to limits and restrictions imposed by IMPS and NEFT/RTGS, as applicable.

1Immediate Payment Service (“IMPS”): Click Here for list of IMPS enabled banks.

2National Electronic Funds Transfer ("NEFT"): Refer to Click Here, for list of NEFT enabled Bank branches.

3Real Time Gross Settlement ("RTGS"): Refer to Click Here, for list of RTGS enabled bank branches.

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* Money transfers to recipient bank accounts that are not held with ICICI Bank Limited in India, will only be credited instantaneously if such recipient’s bank accounts are enabled for immediate payment services (IMPS). If they are not registered for IMPS, money transfers will be processed via National Electronic Funds Transfer (NEFT) or Real Time Gross Settlement (RTGS). NEFT/RTGS transfers may take up to 48 business hours to process. All money transfers to India are subject to limits and restrictions imposed by IMPS and NEFT/RTGS, as applicable.

 

1Immediate Payment Service (“IMPS”): Click Here, for list of IMPS enabled banks.


2National Electronic Funds Transfer ("NEFT"): Refer to Click Here, for list of NEFT enabled Bank branches.


3Real Time Gross Settlement ("RTGS"): Refer to Click Here, for list of RTGS enabled bank branches.

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