Money Transfer Online to India

Rate Block

ICICI Bank Canada's exciting new offer allows you to set your ideal currency conversion rate for your online money transfer transaction. Simply input a Minimum Exchange Rate of your choice for carrying out a transfer, and the transaction will automatically be processed only when our exchange rate reaches or becomes higher than your pre-set Minimum Exchange Rate. If your pre-set exchange rate is not reached within 15 days of setting up the Rate Block, your money transfer transaction will be cancelled until you are ready to set a new rate.

Standing Instruction for Money Transfer

A 'Standing Instruction' (SI) allows accountholders to schedule regular fund transfers from their Canadian dollar accounts to designated beneficiary account(s) in India. By pre-scheduling the time and amount of a transfer, you can ensure that you would never miss an important fund transfer again!

How does this work - 2 easy steps to send money to India

Log in to your account on our website, and

Click on "Add a New Receiver" and enter the receiver’s personal and bank account details. Once all details are entered and submitted, the information will be saved for future transactions and you will receive an OTP (One Time Password) on your registered mobile number with the bank. If your mobile number is not registered with us, you will be prompted to call our 24-hour Customer Contact Centre, toll-free at 1-888-424-2422 to confirm the registration. To confirm beneficiary registration through OTP, go to “Confirm New Beneficiary” option and enter the OTP received.

Once you have confirmed the registration, your new beneficiary will be registered within 24 hours.

Once you have confirmed the registration by entering the OTP or by calling our 24-hour Customer Contact Centre, toll-free at 1-888-424-2422, your new beneficiary will be registered within 24 hours, after which you may send money to this beneficiary at any time by clicking on ‘Send Money’, entering the required information and confirming your request.

Information you will need:

• Receiver’s full name as it appears in his/her bank account
• Receiver’s complete address, phone number and occupation
• Receiver’s bank details including – Bank name, branch details, account number

Please remember:

• You will be charged a fee of C$5 per Online Money Transfer transaction
• You can transfer up to C$ 9,000 within a 24-hour period
• You can transfer up to INR 200,000 per transfer if your beneficiary’s bank is enabled for IMPS. If you are transferring more than INR 200,000, the money will be automatically sent through NEFT/RTGS

* 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.