ICICI Bank launches online money remittance facility

SRINAGAR: ICICI Bank on Thursday announced the launch of ‘Money2World’, a fully online outward remittance service for resident Indians.
“With this, non-account holders of ICICI Bank can now transfer money online from any bank account in India to any bank account overseas in 16 major currencies, in a convenient and fully secure manner,” the bank said in a release issued here.
This first-of-its-kind service by any bank in India will be available to users round the clock on all days, it said.
To avail the service, the bank said, users need to do a “simple, one-time” online registration on www.money2world.com by uploading their KYC documents.
“Once registered, a user can initiate a request anytime, anywhere to remit money abroad, at a confirmed exchange rate, thereby eliminating the worries associated with currency fluctuations,” it said.
With the service, the users can remit money overseas from India for education, maintenance of close relatives, medical treatment and visa fee to emigration authorities or embassies, and various other purposes, it said.
Talking about the service, President, ICICI Bank Vijay Chandok, according to the statement, said, “At ICICI Bank, we constantly strive towards finding new solutions that add to the convenience of customers. Now, with ‘Money2World’, we offer a unique service to resident Indians to transfer money across the world anytime, even beyond banking hours.
“With this new service, we continue to live up to our commitment to offer customer centric solutions enabling quick and hassle-free money transfers.”