ICICI Bank UK Plc, British subsidiary of ICICI bank, has introduced Money2India Europe, an online transfer service. This service will enable users to transfer money from any bank account in Denmark, Norway and Sweden to any recipient bank account in India.
User’s credentials will be verified through a video call from ‘Money2India Europe’ official website. The service will help the users residing in these European countries to transfer funds 24*7 for 365 days to any bank account in India in a hassle-free way. Money2India Europe service is present in 20 European Countries, the service is operated online and transaction can be done within 15 minutes.
ICICI Bank UK Plc has teamed up with Inpay A/s, a global payments service provider to facilitate this service in Sweden, Denmark and Norway. The service does not require any KYC documents.
The service would help NRIs use the digital channel for sending money back home in India. By expanding Money2India Europe, ICICI Bank will be able to easily fulfil money transferring needs of NRI diaspora residing in Norway, Sweden and Denmark.
People can transfer funds to ICICI bank account in India within 1 working day and to any other bank account within 2 working days.