Hyderabad: The country’s largest private sector bank ICICI Bank Limited has announced the launch of I-Express, an instant cross-border money transfer option for Non-Resident Indians. This service will be available through the ICICI Bank’s select partners in GCC.
I-Express facility offers the remitter, the option of visiting any partner outlet for instant credit into the beneficiary account maintained with ICICI Bank in India, at no extra cost. Under this service, the funds will be instantly remitted and the beneficiary can withdraw the money immediately.
CICI Bank has been a leading remittance player in the Indian remittance market, enabling remittances from across 40 countries worldwide. The bank has relationships with over 80 correspondent banks and 23 exchange houses across GCC.