HiSAVE Remittance Account

HiSAVE Remittance Account 1.00% AER

  • Online savings account designed for money transfers to India
  • Instant money transfers to any ICICI Bank Account in India and transfers to other Banks within 24 hours
  • Earn interest on the balance maintained in your account
  • Online account opening and management

Product Details

Our HiSAVE Remittance Account is a dual-benefit online account which makes remitting money to India easier and lets you earn interest on the balance maintained.

 

If you regularly remit to India, but find it difficult to visit a branch, you can apply online for this account and send money any day of the week, at any time of day. The HiSAVE Remittance Account is designed for money transfers to India with special features.

  • Online-only account opening and management
  • Monthly interest on account balance
  • No minimum balance required
  • Access to money transfer service 24/7, including weekends and bank holidays
  • Confirmed exchange rate 24/7
  • Instant money transfers to ICICI Bank Ltd. accounts in India
  • Transfers within 24 hours to 55,000 bank branches in India
  • Service assurance on all remittances to India
  • Withdrawals and deposits can only be made via your linked current account
  • No chequebook or debit card

 

Service assurance

We´ll transfer your money:

  • Instantly ­ to ICICI Bank India
  • In 24 hours ­ to any other bank in India

If we fail to meet this assurance, we´ll pay you 5 pence for every £10 transferred by way of credit into your account. We´ll pay a minimum of £1 and maximum of £50.

 

Beneficiary text alerts

We can send your beneficiary a text alert when we remit your money to India. This will keep them informed of the payments you have sent. Text alerts to India are charged at 50 pence per text.

 

Standing instructions

A standing instruction is an order you give us to send money to India at regular intervals. You only need to place your money transfer request once and we will do the rest for you. You can instruct us to transfer money every seven days, 15 days, monthly, every two months, quarterly or every six months. Log into your HiSAVE Remittance Account, click on 'Fund Transfer to India' and go to the 'Manage Standing Instructions' tab.

 

Please see the applicable charges.

 

Future dated transfers

You can instruct us in advance to remit money to any account in India on a particular date. Transfers will be completed at the exchange rate applicable at the time of transfer. Log into your HiSAVE Remittance Account, click on ´Fund Transfer to India´ and go to the 'Transfer Money' tab.

 

Please see the applicable charges.

 

Rate block

Get more Rupees for your Pounds. Tell us the minimum rate at which you wish to remit money to India and we will ensure your money is sent only at that exchange rate or at a higher rate. Log into your HiSAVE Remittance Account, click on 'Fund Transfer to India' and choose 'Rate Block' tab.

 

Please see the applicable charges.

 

Transfer instructions in GBP or INR

Choose the currency of your money transfer request - in Pounds (GBP) or Indian Rupees (INR). A GBP instruction will tell us the exact amount to debit from your HiSAVE Remittance Account and the corresponding INR to be transferred. An INR instruction will tell us the exact amount of Indian Rupees to be credited to your beneficiary. For instructions in INR, the amount debited from your HiSAVE Remittance Account will be determined by the INR-GBP rate on the date of transfer, up to five decimal places.

 

Rewards for referrals

Refer a friend who you think would benefit from our Money Transfer to India service and get a calling card with 500 free minutes to India. The friend you refer must have never held a HomeVantage Current Account or HiSAVE Remittance Account with us.

 

It´s simple:

  • Log onto your HiSAVE Remittance account and go to Fund Transfer to India
  • Click on the "Refer a friend" tab
  • Enter your friends´ details

Click here to view the Terms and Conditions of the calling card