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BEST FOR

NRIs wanting to transfer money overseas securely

  • Send in 21 currencies

  • 24x7 transfers

  • Easy access via iMobile & NetBanking

  • Fixed exchange rates

  • Credit Confirmation Full Value Credit in USD, GBP, AUD

About

Online Overseas Money transfer Limits
Transaction Type Per transaction limit Per Financial Year
NRO account to Overseas   USD 75,000 or it’s equivalent  USD 1 million or it’s equivalent,  
Subject to limits as per source of funds:  
Current Income (rent, dividend, interest etc) – No limit 
Capital Assets (sale of assets, property, shares, Gift from relatives etc.) – USD 1 million or it’s equivalent 
NRO to NRE account  USD 1 million or it’s equivalent 
NRE account to Overseas   USD 2,50,000 or it’s equivalent during working hours i.e. 10:00 a.m. IST to 03:59 p.m. IST on India working days  No Limit 
  USD 1,00,000 or it’s equivalent per transaction beyond the days and time mentioned above 

 

Charges for Overseas Money transfer

Click here to know the charges for overseas money transfer. GST on currency conversion and above charges will be applicable additionally.

Documentation

To know the documents required for initiating an overseas money transfer online, click here (Refer Question 10 of FAQs for Online Repatriation)

FAQs

How can I send money overseas from my NRE/NRO Account ?

ICICI bank Account holders can transfer money overseas from ICICI bank savings account in India to any bank around the world, using Retail Internet Banking or iMobile App via Money2World or visit the nearest forex-enabled ICICI Bank branch for assistance.

In how many currencies can I send money overseas?

Overseas money transfer can be initiated in 21 currencies.

These include USD (US Dollars), EURO (Euro), GBP (British Sterling Pound), SGD (Singapore Dollars), CAD (Canadian Dollars), AUD (Australian Dollars), CHF (Swiss Franc), HKD (Hong Kong Dollars), JPY (Japanese Yen), AED (Arab Emirates Dhiram), SAR (Saudi Arabian Riyal), DKK (Danish Kroner), NOK (Norwegian Kroner), SEK (Swedish Kroner), QAR (Qatari Riyal), NZD (New Zealand Dollar), PLN (Polish zloty), BHD (Bahraini Dinar), OMR (Omani Riyal), THB (Thai Baht), ZAR (South African Rand).

Are there any transaction limits for transferring money overseas online? 

The transaction limits for transferring money overseas online are as below:

Transaction Type Per transaction limit Per Financial Year

NRO account to Overseas

USD 75,000 or it’s equivalent

USD 1 million or it’s equivalent,

Subject to limits as per source of funds:

Current Income (rent, dividend, interest etc) – No limit

Capital Assets (sale of assets, property, shares, Gift from relatives etc.) – USD 1 million or it’s equivalent

NRO to NRE account

USD 1 million or it’s equivalent

NRE account to Overseas
  • USD 2,50,000 or it’s equivalent during working hours i.e. 10:00 a.m. IST to 03:59 p.m. IST on India working days
  • USD 1,00,000 or it’s equivalent per transaction beyond the days and time mentioned above

 

No Limit

Who can be the receiver for overseas money transfer from my NRO Savings Account?

Overseas money transfer can be done to:

  • Your own NRE Account with ICICI Bank under the same/different Customer ID (such NRE Accounts can be selected from the dropdown)
  • An Overseas Account

What documents are required to complete an overseas fund transfer?

Supporting documents depend on the Source of Funds. For example, gifts from relatives or interest on NRO accounts require no documentation, whereas remittances from property sale, rental income, or sale of shares/mutual funds require supporting documents like sale deed, rental agreement/receipts, Demat statement, etc. Additional Form 15CA/15CB as applicable will be required.

How can I transfer funds from my NRO and NRE accounts using Money2World?

From NRO Account:

  • Log in to ICICI Bank Internet Banking.
  • Go to Payments & Transfer > Funds Transfer.
  • Select Overseas Transfer using Money2World > Repatriation from NRO SB via Wire Transfer.
  • On the Money2World page, click Send Money.
  • Choose Destination Country (select India for NRO to NRE) and enter the amount.
  • Select Purpose of Remittance, Receiver, and Source of Funds.
  • Upload required documents (self-attested proof, Form 15CA/15CB if applicable).
  • Authenticate via Debit Card Grid Values and OTP.

From NRE Account:

  • Log in to ICICI Bank Internet Banking.
  • Go to Payments & Transfer > Funds Transfer.
  • Select Overseas Transfer using Money2World > Repatriation from NRE SB via Wire Transfer.
  • On the Money2World page, click Send Money.
  • Choose Destination Country and enter the amount.
  • Select the Purpose of Remittance and the Receiver.
  • Authenticate via Debit Card Grid Values and OTP.
VIEW ALL FAQ’S

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