If you are receiving foreign currency cheques from abroad, ICICI Bank Money2India offers you an easy way to get fast credit into your ICICI Bank account. All you need to do is to walk into an ICICI Bank Branch and drop off your cheque.

What can you deposit?
We accept Cheques, Travelers cheques and Demand Drafts to Cashier orders, Pay Orders, Bankers' cheques, etc.

When do you get your money?
Based on certain conditions, the time in which money gets credited to your account ranges from 21 days to that very instant!

Instant Credit
You can get instant credit into your bank account, the moment you walk into an ICICI Bank branch.

Credit in Eight Days
Credit is available within 8 days of depositing your instrument at the ICICI bank branch. It is available for instruments drawn in AUD in Australia

Day 21 Credit
You can avail of the 21-day credit period for any instrument with which you may walk in, irrespective of whether you are an old or a new ICICI Bank account holder except in cases where the instrument is sent on collection. In such cases credit is given when the bank realises the same.

USD cheques payable in USA and GBP cheques payable in UK of value equal to or greater than 10,000 currency units are sent under collection arrangements with correspondent banks in USA and UK. For USD cheques drawn on New York, Philadelphia and Pennsylvania, the confirmed credit is provided to ICICI Bank after 6 international working days from the date of receipt of cheque in the US. For other states the credit is received after 15 international working days from the day the cheque is received by the correspondent bank in US. For GBP cheques the credit is received after 15 International Working days from the time that the cheque is received by the correspondent bank in UK.

Any other cheque is sent for collection to the drawee bank or collecting bank and credit is given when the bank realises the same

For currencies where ICICI Bank does not have nostro arrangements with correspondent banks the funds would be received in our USD nostro for subsequent conversion to INR.

ICICI Bank has nostro arrangement in the following currencies:

USD, CAD, GBP, EUR, CHF, SGD, AUD, NZD, AED, HKD, JPY and ZAR