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Power Transfer (Web-Based Wire Transfer)

FAQ's

How it works

Power Transfer (Web Based Wire Transfer) is ICICI Bank's online wire transfer channel. NRIs can transfer money to India in as short a time as 48 hours. Power Transfer (Web Based Wire Transfer) eliminates the errors associated with a normal wire transfer by giving remitters a printed wire instruction form and a tracking number to track the remittance online.

All you have to do to send money to India is to transfer the amount, along with ICICI Bank charges, to an ICICI Bank account (or any of its correspondent banks). You don’t even need to have an account with ICICI Bank: you can send the money through any bank of your choice

A simple one-time registration gives you access to benefits like:

Easy Money Transfers

•	Electronic transfers into any ICICI Bank account with over 2,500 branches in India
•	Electronic transfers into accounts with over 75,000 bank branches of over 100 banks in India
•	Ready Cash payout from any of the 195 ICICI Bank branches across 23 cities in India
•	Electronic transfers into any ICICI Bank Remittance card account in India
•	Electronic transfers into any resident Visa Debit Card ** account issued in India
•;	Demand Drafts issued and payable at over 700 locations in India

No limit on the amounts that can be remitted

Error-free, because manual intervention is minimal, and you can keep track of the transfer

Flexible, because you can remit in as many as ten currencies. And neither you nor your beneficiary needs to have an account with ICICI Bank

Fast money transfers - it takes just 48-72 hours

Competitive exchange rates

Online tracking of the status of your funds.

Charges
AUD 5 (inclusive of service tax @ 10.3%) for amounts of AUD 1500 or below. No AUD charge for larger amounts.

Service tax will be levied on the converted gross INR amount in accordance with the Service Tax (Amendment) Rules, 2011 of the Government of India w.e.f. 1st April 2011. Please click here to know the slab wise service tax structure. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount.

Ready to Transfer money?
Register with Money2India now. If you are already a registered user click here to log in

*Please note: Visa Money Transfer cannot be used to transfer money to VISA cards linked to NRE Account and Visa Credit card account.