How to Send Money from the UAE to India Using Money2India

1. Introduction: Money2India - A Trusted Pathway for UAE–India Remittance

The UAE (United Arab Emirates) is home to one of the largest Indian expatriate communities in the world. With millions of Indians living and working across Dubai, Abu Dhabi, Sharjah and other Emirates, cross-border remittances have become an essential part of daily financial life. Whether you are sending money to support your family, paying off a loan or investing in India - a reliable and secure remittance platform is crucial.

ICICI Bank Money2India has emerged as a preferred platform for NRIs (Non-Resident Indians) to remit money to India - thanks to its trustworthiness, ease of use and attractive exchange rates. Unlike other money transfer services, Money2India is offered by one of India’s most trusted banks - ICICI Bank, ensuring peace of mind and smooth execution of transfers.

In this blog, we will explore how you can send money to India from the UAE using Money2India, the steps involved, benefits and how to make the most of its features to ensure timely, secure and cost-effective transfers.

2. What is ICICI Bank’s Money2India?

Money2India is ICICI Bank’s flagship digital remittance service that enables Non-Resident Indians to send money to India seamlessly and securely. Available in multiple countries including the UAE, it supports seamless transfers from local bank accounts or Debit Cards to Indian bank accounts. The platform offers attractive exchange rates, real-time tracking and flexible transfer options.

For NRIs in the UAE, Money2India simplifies the remittance journey by providing:

• A fully online transfer process
  
  

• Access to attractive forex rates
  
  

• The ability to transfer to any Indian bank account
  
  

• A user-friendly mobile app and desktop interface
  
  

Whether you are sending money for a one-time need or planning regular monthly remittances, Money2India is designed to offer speed, transparency and cost-effectiveness.

The service is especially beneficial for those who prefer the credibility and security of a bank-led platform. Since ICICI Bank has deep-rooted operations, both in India and at international locations, it provides enhanced compliance and financial stability, ensuring that your funds are remitted efficiently.

3. Steps to Send Money through Money2India from the UAE

Sending money through Money2India is simple and can be done completely online, making it ideal for busy NRIs in the UAE. Here's a step-by-step guide:

Step 1: Register on Money2India

Visit www.money2india.com or download the Money2India app from the App Store or Google Play Store. You will need to register using your UAE Mobile Number and e-mail ID.

Step 2: Complete KYC (Know Your Customer)

If you hold an NRI account with ICICI Bank, your account will be verified within 1 working day. If it is not verified, write to nri@icicibank.com with the below details from your registered e-mail ID, to activate the Money2India Account:

• ICICI Bank NRI Account <XX1234>
  
  

• E-mail ID registered with Money2India.
  

Step 3: Add Your UAE Bank Account

Add your UAE Bank Account details on Money2India and use the same account to fund the transfers.

The platform supports United Arab Emirates Dirham (AED) transfers, which are converted into INR.

Step 4: Add a Beneficiary

Add the Indian bank account details of the person you wish to send money to. You will need:

• Full name of the recipient as per bank records
  
  

• Bank name
  
  

• IFSC code
  
  

• Account number
  
  

Step 5: Initiate the Transfer request

Choose the amount in AED, view the exchange rate and confirm the transfer request. You are now just 1 step away from completing your transfer.

You will get an instant confirmation and can track your transfer online.

Step 6: Fund the Transfer

• Log into the Net Banking application of your bank in the UAE

   

• Go to Pay/Transfer Funds to fund your request.

If you are sending money to an ICICI Bank Nostro Account for the first time, you need to register the ICICI Bank Nostro Account as a payee. Depending on the instructions given on the Money2India website or app, enter any one of the details as mentioned below to complete the fund transfer request:

OR

To process the transaction, enter the Money2India tracking number in the fields provided for ‘Message to recipient’ or ‘Purpose of Payment’ or Payment Reference’. Please check with your bank about the field to use to send a personalised message to the recipient.

SWIFT - Society for Worldwide Interbank Financial Telecommunication.

IBAN – International Bank Account Number

4. How Long Does the Transfer Take?

With ICICI Bank Money2India UAE, transfers are usually processed on the same day if the funds are received by 3:00 P.M. IST. Otherwise, they are processed within one working day, subject to receipt of funds.

Money2India offers real-time tracking, so you are always informed about your remittance status.

Transfers initiated on weekends or public holidays (in either UAE or India) may be processed on the next working day. However, ICICI Bank’s robust backend ensures that most transactions are completed quickly and securely — even during high traffic periods like month-end or festivals.

5. Fees and Exchange Rates

When you send money abroad, two key cost components come into play — transfer fees and exchange rates.

Transparent Fee Structure

ICICI Bank Money2India platform levies clear and upfront fees for transfers. A flat fee of AED 12 applies to all transfers.

In many cases, promotional offers are available, especially for first-time users or during festive seasons like Diwali, Eid and New Year.

Attractive Exchange Rates

ICICI Bank offers exchange rates which are attractive and reflect market conditions. 

With every transfer, the user can:

• See the offered Money2India AED-INR rate

 

• Choose to lock the rate for the transfer (Fixed rate) or choose an indicative rate which enables the transfer to be completed as per exchange rate at the time of processing the transfer request.

   

This helps you maximise the value of every Dirham you send to India.

Bonus Tip

If you are planning large-value or recurring monthly transfers, monitor the forex rate and transfer when the AED strengthens against INR. Even a 20–30 paise change in the rate can have a noticeable impact on the amount your beneficiary receives.

6. Security and Compliance

When it comes to international remittances, especially from the UAE to India, security and regulatory compliance are of utmost importance. ICICI Bank Money2India platform is designed to meet high standards of security.

Secure Transactions with Bank-Grade Encryption

Money2India uses robust encryption protocols that are on par with banking industry standards. Your data, transactions and personal details are protected throughout the transfer process. Whether you are initiating transfer request through the website or mobile app, the platform is built to safeguard against unauthorised access and cyber threats.

Two-Factor Authentication and Fraud Checks

Each user session on Money2India is protected through two-factor authentication (2FA), providing an added layer of safety. Regular anti-fraud checks are conducted to monitor suspicious behaviour, ensuring your money reaches your beneficiary without delays or compromise.

In short, whether you are transferring for family expenses, investments or EMIs (Equated Monthly Instalments), you can trust that your money is being handled in a secure and regulated environment with ICICI Bank Money2India.

7. Why choose Money2India over other services?

There are several money transfer services available for NRIs in the UAE. However, ICICI Bank’s Money2India stands out with its blend of trust, attractive pricing and customer support throughout the journey.

A Trusted Name with Decades of Experience

As one of India’s leading private sector banks, ICICI Bank brings trust, scale and credibility to the remittance space. NRIs have been using Money2India for over two decades, making it one of the most recognised and reliable remittance platforms.

Better Forex Rates and Lower Margins

Unlike many standalone remittance platforms that levy hidden charges, Money2India is transparent with its pricing. You get live exchange rates, attractive margins and regular offers that help you maximise the value of every AED sent.

24x7 Access with Enhanced Customer Support

Access Money2India anytime, anywhere — whether you are accessing it through desktop or mobile. With 24x7 availability and a user-friendly interface, you can send money at your convenience. Dedicated customer support ensures prompt assistance through call or e-mail—whenever you need help.

In essence, Money2India offers the best of both worlds — the backing of a major bank and the tech-forward capabilities of a modern fintech platform.