ICICI Bank Canada offers a Money Transfer service which allows customers to transfer funds out of Canada to a beneficiary in another country in a secure, reliable and efficient manner.

Signing up for Money2India is easy and takes a few minutes. Follow the steps below to register:

1. Visit our website or download our smartphone app from Apple app store or Google Play store to register.
2. Create your account using email address, phone number and a few basic details.
3. Verify your account using one time password (OTP) sent to your registered CA mobile number or email and create a password.
4. Fill in your profile details and  address.
5. Add and verify your bank details online from which money is to be sent.

Congratulations!! You are now all set to make your first transfer. Just add your recipient/beneficiary's details to whom you want to send money to in India and submit your money transfer request.

Pro Tip

If you are an existing NRI account holder of ICICI Bank, you may login directly using your ICICI Bank NRI account internet banking credentials.

Please enter your name exactly as mentioned in your CA ID proof.

If you have a middle name in your CA ID proofs you may enter your middle name either in the first name field or in the last name field.

Please note space is not allowed in either the first name or last name and hence to enter your middle name just write it together either with your first name or with your last name in the designated fields.

For example, if your full name as per your CA ID proof is "Raj Kumar Verma"; enter as below:-

You can recover your User ID by clicking "Trouble Logging In" on the Login page followed by clicking "Forgot User ID.”

You will be required to validate your mobile number with One Time Password for security reasons. Once verified, your user ID will be sent to your registered email ID.

If you forgot your password, click "Trouble Logging In" on the Login page followed by "Forgot Password". You can setup a new password in any of the following ways:

Using OTP: You will need to enter your User ID which is your registered email address and validate One Time Password sent to your registered mobile number.

  OR

Using Registered Email ID: You can also reset your password by choosing to send a reset password link to your registered email address by selecting to reset password using registered email ID.

You can unlock your account by clicking "Trouble Logging In" on the Login page followed by clicking "User ID Locked". There are two ways to unlock your user id:

Using OTP : You will need to enter your User ID which is your registered email address and validate One Time Password sent to your registered phone number.

  OR

Using Registered Email ID: You can unlock your user id by choosing to send a link to your registered email address by selecting the method "using registered email ID" on the user id locked page.

To add a recipient or beneficiary to send money to in India, you will need to provide following information of your recipient:

1. Account number, where money is to be credited
2. IFSC code or branch details of recipient’s bank (for Non ICICI Bank accounts only)
3. Name
4. Mobile Number
5. Email Address
6. Address

You can add multiple beneficiaries or recipients to receive money in India

Money to other countries is an efficient and reliable way of transferring money to certain countries. You can transfer money to your beneficiary's account with any bank in Bangladesh, China, Ghana, Nepal, Philippines and Vietnam.

An ICICI Bank Account Transfer is a Money Transfer service that allows you to transfer money to your beneficiary who has an account with ICICI Bank Limited in India.

ICICI Bank Canada takes all reasonable steps to process an ICICI Bank Account Transfer within 24 hours. The time periods for an ICICI Bank Account transfer are subject to regulatory verification processes and beneficiary bank processes that may cause a delay in the processing of money transfers. ICICI Bank Canada will not be liable or responsible in any manner for the consequences of such a delay, including, without limitation, for losses or damages caused by such a delay.

This is an easy and convenient way to transfer money to your family or friends in India. All you have to do is call us toll-free at 1-888-424-2422 and speak with one of our Customer Service Specialists, 24/7.

This service is available only to ICICI Bank Canada account holders. If you do not have an account with ICICI Bank Canada, please visit one of our branches in Greater Toronto Area, Greater Vancouver Regional District or in the Greater Calgary Area.

No, there is no maximum transfer limit for Money Transfers by Phone.

You can transfer funds to anyone who has an account with any bank in Bangladesh, China, India, Ghana, Nepal, Philippines and Vietnam.

There is no additional charge for using the Direct Credit facility. Please refer to Rates and Charges for Money Transfers.

No, there is no service charge deducted by ICICI Bank in India. Even if ICICI Bank issues a draft in India and mails it to the beneficiary by post, ICICI Bank does not deduct anything from the amount transferred. Disbursement of funds in India is completely free of charge. However, ICICI Bank has no control if the other bank (beneficiary's bank) deducts any service charge or puts funds on hold.

No, our regular Money Transfer service is available only for transferring funds in Indian Rupees. Transfer of funds in Canadian or US dollars will be done through conventional mode of wire transfer and may take between 2 to 5 working days, depending on the bank and location of beneficiary.

You can transfer funds to India by purchasing an Indian Rupee draft at any one of ICICI Bank Canada’s branches. An Indian Rupee draft is a draft drawn in Indian Rupees and payable at any one of ICICI Bank Limited's 241 locations in India Click here for a complete list of locations.

You can purchase Indian Rupee draft from any of ICICI Bank Canada’s branches in Canada and send it to your beneficiary by either post or by delivering it personally if you are traveling to India. Once the draft is deposited by the beneficiary in his account with any bank in India, it usually takes 3-5 business days to clear the draft. If the beneficiary has an account with ICICI Bank Limited in India, the funds will be credited to the account immediately.

ICICI Bank Canada can currently transfer funds in the following currencies: Indian Rupee (INR) and United States Dollar (USD).

If you do not have an account with ICICI Bank Canada, please visit one of our branches (Click here for branch details) and provide the following documents:

1. A completed Money Transfers Application Form (provided at the branch).
2. Two pieces of identification (Click here for list of acceptable documents).

If you have any questions, please call us toll-free at 1-888-424-2422.

Yes, it is necessary to fill in all the details which are marked mandatory for remitter, beneficiary and beneficiary's bank. This makes transfer of funds faster and easier.

Remitter ID is the identification number which is assigned to you when you submit your Money Transfers request in our branch. The Remitter ID helps us in processing your request faster because we can pull up your profile from the system and process the request without asking for more details.

Remitter ID is a unique number and it does not change for each beneficiary. Beneficiary “Y” will be registered under the same Remitter ID as beneficiary “X”.

You can add as many as beneficiaries as you wish under your Remitter ID. There are no limitations on the number of beneficiaries.

No, you don't have to provide your Remiiter ID for each transaction. However if it is available, it will make Money Transfer faster and easier.

ICICI Bank Canada offers

• Instant* international money transfers for banks enabled on IMPS1
• Quick and Easy Transfers
• Attractive foreign exchange rates
• Low service charges

Also, due to our wide presence and exclusive tie-ups with major international banks, we make Money Transfers simpler, safer and faster.

There is no such requirement but we require complete bank account details and mailing address of the beneficiary to process your Money Transfers application.

If you have opened a savings or term deposit account either through the internet or over the phone, we would require that you to submit 2 pieces of identification and a copy of your current Bank Statement or Utility Bill with the home address of all signors. Please be assured that these additional documents are required only to protect your privacy, and to ensure security on all levels.

Click here for details.

If you have an account with ICICI Bank Canada, there is no minimum or maximum amount for Money Transfers. However, if you do not have an account with ICICI Bank Canada, we can only accept cash, personal cheque or bank draft of up to a maximum of $6,000 Canadian dollars during a 24 hour period.

You can submit your Money Transfers request any time. However, personal cheques are subject to a hold period for 5 business days and the funds will be transferred only after the hold period expires and if sufficient funds are available in your account. Please refer to the Hold Funds Policy in our Disclosure Statement for more details. You may deposit cash if you wish to transfer funds immediately.

Transferring money online within Canada is subject to our Hold Funds Policy, up to a maximum period of 5 business days. Your Money Transfers Application will only be processed after the hold period expires and if sufficient funds are available in your account.

Yes. You can setup recurring Money Transfers to India by setting up a Standing Instruction through our online banking facility. However, it is not possible to set up recurring transfer of funds from our branches or phone banking services.

If you have any questions, please contact us toll-free at 1-888-ICICI-CA (1-888-424-2422), 24 hours a day, 7 days a week.