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ICICI Bank Launches 'Money2World', India's First Fully Online Service for Outward Remittances | ||
Mumbai, Maharashtra, India
ICICI Bank, India’s largest private sector bank, today 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 first-of-its-kind service by any bank in India, it is available to users 24x7 on all days. To avail of this service, a user has to carry out a simple, one-time online registration on www.money2world.com by uploading her/his KYC documents, thus avoiding the hassle of visiting a bank branch to fill and submit documents for every money transfer.
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. Users can remit money overseas from India using ‘Money2World’ for an array of purposes including education, maintenance of close relatives, medical treatment and visa fee to emigration authorities or embassies, among others.
Mr. Vijay Chandok, President, ICICI Bank 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."
Users can register and start using ‘Money2World’ service in just four easy steps:
Remitters can track the status of their money transfer request on the Money2World website or by calling the ICICI Bank customer care in India.
The key features of the ‘Money2World’ service are:
To know more about ‘Money2World’, users can visit www.money2world.com
ICICI Bank services its large customer base through a multi-channel network of 4052 branches, 12811 ATMs (at June 30, 2015), call center, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘Pockets’.
For news and updates, visit www.icicibank.com and follow us on twitter at www.twitter.com/ICICIBank.
About ICICI Bank Ltd ICICI Bank Ltd (NYSE: IBN) is India's largest private sector bank with consolidated total assets of US $ 132.17 billion at March 31, 2015. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 17 countries, including India.
Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.
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