HiSAVE Remittance Account 1.50% 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.
Money Transfer

- A complete money transfer solution to any bank in India.
- Get speed, convenience and great value for money.
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CURRENT ACCOUNT HOLDERS
Features of our money transfer service
- Choose the channel that’s most convenient to you – online, by phone or branch.
- Use online banking to check the status and history of your transfers.
- 24/7 access to our money transfer service – online or by phone.
- Instantly transfer money to more than 2525 branches of ICICI Bank Limited (India).
- Transfer money in 24 hours to more than 55,000 Indian bank branches.
- Benefit from preferential exchange rates and lower transaction charges.
- Use our special features for easy and convenient money transfers.
- We assure to transfer your funds within our stated timescale – or we'll pay you 5 pence for every £10 transferred. For details, please see our special features.
Options and charges – transferring money
| Transfer to ICICI Bank Limited (India) | Transfer to other Indian banks | |||
|---|---|---|---|---|
| Transfer Mode | Instant | 4 hours | 24 hours | 24 hours |
| Branch * | N/A | £1 | Free | £2 |
| Online | £1 | N/A | N/A | £2 |
| Phone | N/A | £1 | Free | £2 |
| The above charges are applicable for HomeVantage Current Account holders only. * Additional £1 charge for transfers through Debit card. For charges applicable to special features, please click here. | ||||
How to transfer money
Branch *
Step 1 – walk into your nearest branch
Step 2 – if you’re transferring money for the first time, or are transferring to a new beneficiary:
- Fill out a remittance form and submit
- Collect the acknowledgement receipt and check the time for placing the request
Step 3 – to send money to a pre-registered beneficiary, please carry your remitter ID card:
- Provide the details of your money transfer over the counter
- Collect the acknowledgement receipt and check the time for placing the request
Phone
- You can transfer up to £4,999 per day to your own ICICI Bank account in India, or up to £1,500 per day to a third-party ICICI Bank account or other bank account in India
- You can only do a phone transfer to a pre-registered beneficiary. You can register a new beneficiary online or in branch
Step 1 – call us 24/7 on 080 81 31 41 51 (freephone from UK landlines)
Step 2 – provide the details of your money transfer
Step 3 – confirm the details
Step 4 – write down the service request number and check the time you placed the request
Online
You can transfer up to £5,000 per day to an ICICI Bank Ltd account, or up to £4,999 per day to any other bank in India.
Step 1 – log into your online banking account and select 'International Money Transfer' under 'Remittance'
Step 2 – to send money to a new beneficiary:
- Click on ‘Register a new beneficiary’ and enter the beneficiary details
- Call us 24/7 on 080 81 31 41 51 (freephone from UK landlines) and we’ll verify the beneficiary details with you over the by phone
- The beneficiary will be registered within 24 hours
Step 3 – to send money to a pre-registered / approved beneficiary
- Click on ‘Transfer Money’ and enter the details of your transfer request
- Click on ‘Confirm’ after checking the details
Non-account holders
Features of our money transfer service
- Walk into any of our 11 UK branches to avail of quick and convenient money transfers.
- Four hour money transfer to more than 2525 branches of ICICI Bank Ltd. India.
- Transfer money in 24 hours to more than 55,000 Indian bank branches.
- We assure to transfer your funds within our stated timescale – or we'll pay you 5 pence for every £10 transferred. For details, please see our special features.
Options and charges – transferring money
| Transfer to ICICI Bank Limited (India) | Transfer to other Indian banks | ||
|---|---|---|---|
| Transfer Mode | 4 hours | 24 hours | 24 hours |
| Branch | £4 | £2 | £4 |
Additional £2 charge for transfers up to £250 | |||
How to transfer money
Step 1 – walk into your nearest branch.
Step 2 – if you’re transferring money for the first time, or are transferring to a new beneficiary:
- Fill out a remittance form and submit
- Collect the acknowledgement receipt and check the time for placing the request
Step 3 – to send money to a pre-registered beneficiary, please carry your remitter ID card:
- Provide the details of your money transfer over the counter
- Collect the acknowledgement receipt and check the time for placing the request
Important information
- If you’re transferring money for the first time or to a new beneficiary, please provide a copy of your valid proof of ID and proof of address. For transfers to a pre-registered beneficiary, you can provide your Remitter card along with proof of ID. More about valid ID and address proofs
- For cash transfers, you may be asked to submit a proof of withdrawal in your own name. More about proof of withdrawal
Special features – transferring money
Rewards for referrals
If you’re a Current Account holder with us, refer a friend who you think would benefit from our Money Transfer service to India and who has never held a Current Account with us.
It’s simple- Log onto internet banking and go to Fund Transfer to India.
- Click on the “Refer a friend” tab.
- Enter your friends’ details.
Right now we’re giving away calling cards with 500 free minutes to India.
Click here to view the Terms and Conditions of the calling card.
Text alerts to your beneficiaryIs there someone at the other end waiting for your transfer? Now we can send your beneficiary a text alert when we transfer your money to India. This way they’ll always be in the know. Text alerts to India are charged at 50 pence per text.
Service Assurance
Our assurance to you is that we’ll transfer your money:
- Instantly – online money transfers
- In 4 hours – by phone and branch money transfers to ICICI Bank India
- In 24 hours – by phone and branch money transfers to any other bank in India
If we fail to meet this assurance, we’ll pay you 5 pence for every £10 transferred. We’ll pay a minimum of £1 and maximum of £50:
- HomeVantage Current Account holders will receive a credit into their account
- Non-ICICI Bank UK account holders may receive the credit either by visiting an ICICI Bank UK branch, or via a credit into their current account with another UK bank (in which case, we’ll require account details)
Standing instructions
If you need to send money to India on a regular basis, you can set up a standing instruction. A standing instruction is an order you give ICICI Bank UK PLC to transfer a set amount at regular intervals. This way, you only need to place your money transfer request once and we will do the rest for you.
You can instruct us to transfer every 7 days, every 15 days, monthly, every 2 months, quarterly or every 6 months.
HomeVantage Current Account customers can log into online banking and go to the ‘Manage Standing Instructions’ tab.
For charges applicable, please refer to the Charges table.
Transfers through Debit card (non-ICICI Bank debit cards)
Now you don’t need to carry cash to transfer money to India. Enjoy the benefit of convenient and secure money transfers to any bank in India using your debit card.
Step 1: Walk into any of our branches and complete the money transfer request form. Don’t forget to bring your passport or driving license, even if you hold an account with us.
Step 2: Slot any non ICICI Bank chip and pin debit card at the teller counter and enter your PIN.
Step 3: Don’t forget to take the receipt of your transaction.
For charges applicable, please refer to the Charges table.
Future dated transfers
Forget having to worry about remembering the date of your transfer. With this feature you can send money to any account in India and instruct us in advance. Use this service if you already know all the details of your money transfer, and we will transfer your money on your chosen date.
Future dated transfers are completed at the exchange rate applicable at the time of transfer.
Simply instruct us today to send money at particular dates in the future. HomeVantage Current Account customers can log into online banking and go to the 'Transfer Money' tab.
For charges applicable, please refer to the Charges table.
Rate block feature
Get more Rupees for your Pounds. Tell us the minimum rate at which you wish to transfer money to India and we will ensure your money is sent only at that rate or at a higher rate. Just log on to internet banking, go to online money transfers and choose 'Rate Block' tab.
For charges applicable, please refer to the Charges table.
Transfer instructions in GBP or INR
We now give you the option to 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 HomeVantage Current 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. It’s all up to you. Just choose the option that best suits your needs.
For instructions in INR, the amount debited from your HomeVantage Current Account will be determined by the INR-GBP rate on the date of transfer, up to five decimal places.
These charges apply to each transfer made under Standing instructions, Future dated transfers and Rate Blocks:
Charges
These charges apply to each transfer made under Standing instructions, Future dated transfers and Rate Blocks:
| Transfer to ICICI Bank Limited (India) | Transfer to other Indian banks | |||
|---|---|---|---|---|
| Transfer Mode | Instant | 24 hours | ||
| Online | £1 | £2 | ||
| The above charges are applicable to HomeVantage Current Account holders only. | ||||
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Useful tools
We're here to help
Call us 080 81 31 41 51 (freephone from UK landlines).
If you're outside the UK, call +44 203 478 5319.
