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 NetExpress (Internet Transfers) FAQ's | How it works

How does it work

Follow these step-by-step instructions to use NetExpress (Internet Transfers).

You must first register with Money2India to use NetExpress (Internet Transfers). Click here to register now.
If you are already a registered user of Money2India then… Login with your Money2India login Id.
Select NetExpress
Select your existing bank account from your list or select 'Add new account' to add a new bank account.
Select an existing receiver (beneficiary) from your list or select 'Add New Receiver' to add a new beneficiary.
You have 2 options for placing the transaction amount request. One is where you specify in foreign currency with an indicative exchange rate displayed and other is the Fixed Rupee transfer facility where you are confirmed the exchange rate for the transfer.
  • To avail regular NetExpress
         Specify transaction amount in GBP for indicative exchange rates, kindly note that the rates    mentioned are indicative. Actual exchange rate applied will be as prevailing on the date and    time of conversion of your money.
  • To avail Fixed Rupee transfer facility
         Specify transaction amount in INR for fixed Rupee rate, you will be provided a confirmed    exchange rate at the time of transaction initiation, on selecting the Fixed Rupee Transfer option.
    Select your purpose of Remittance from the given options.
    Once you have provided all the accurate details click on the Next button to proceed.
    The next page will provide you a preview of the details you have entered. Verify all the details provided by you. If the details are accurate, then click on the Confirm button.
    In case you need to make any changes in the information, click on the Back button. You will be taken back to the previous step. Once there, make the necessary changes and then verify the details once again and click on the Confirm button.
    Once these details are confirmed and submitted by clicking on 'Initiate Transfer' on the next page, you will be provided with a unique Tracking Number (e.g. M2N12345678) and the following instructions for completing your transaction

    For remitters in Australia :
    1. Log on to the Internet banking application of your bank in Australia.
    2.
    Go to the module that enables you to pay/transfer funds to a third party account - a third party account would be an account that is not your own account and is held with some other bank in Australia
    3. In the module, do the following:
    A. Select your account from which you want to make the payment/ fund transfer.
    B. Enter the third-party account details as follows:

    Recipient Name ICICI Bank
    Recipient Bank
    JP Morgan Chase Sydney
    Recipient Bank BSB Number 212200
    Recipient Account Number 010039355

    C.
    Enter the Tracking Number in the field provided for "Message to recipient" or "Purpose of payment" or "Payment Reference".

    Please note that unless we receive the complete Tracking Number with your funds, we will not be able to process your transaction. So check with your bank (or on your bank's Web site) about which field to use to send a personalised message to the recipient.
    D.
    Enter the amount to be transferred. This should be the same as the amount confirmed on the Money2India website.
    4. Confirm the third party payment/ fund transfer, to complete the money transfer request.

    After completing the transfer request, you can use the Track Transfers facility (on Money2India) anytime, to check the status of your transaction.