How to Send Money from the UAE to India Using Money2India

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

The UAE 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're sending money to support your family, pay off a loan, or invest in India, a reliable and secure remittance platform is crucial.

ICICI Bank’s Money2India (M2I) has emerged as a preferred platform for NRIs to remit money to India—thanks to its trustworthiness, ease of use, and attractive exchange rates. Unlike other money transfer services, M2I is offered by one of India’s most trusted banks, 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, the 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 (NRIs) 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, M2I 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 in both India and international locations, it provides enhanced compliance and financial stability, ensuring that your funds are remitted efficiently.

3. Steps to Send Money via M2I 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. You’ll need to register using your UAE mobile number and email ID.

Step 2: Complete KYC

If you hold account under NRI category with ICICI Bank, your account will be verified within 1 working day. If it is not verified, please write an email to nri@icicibank.com for activating the Money2India account along with below details from your registered email id:

• ICICI Bank NRI account number
  
  

• Email 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 AED transfers, which are converted into INR.

Step 4: Add a Beneficiary

Add the Indian bank account details of the person you want to send money to. You’ll need:

• Full name as per their 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. Now you are just 1 step away from completing your transfer

You’ll get an instant confirmation and can track your transfer online

Step 6: Fund the Transfer

• Log on to the Internet banking application of your bank in UAE.

   

• Go to Pay/Transfer Funds to fund your request

If you are sending money to 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 M2I website or app enter any one of the details as mentioned below to complete the fund transfer request:

OR

To process transaction, enter M2I tracking number in the fields provided for “Message to recipient” or “purpose of Payment” or Payment Reference”. Kindly check with your bank about the field to use to send a personalized message to the recipient.

4. How Long Does the Transfer Take?

One of the most important questions for any remitter is: How fast will the money reach India?

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

Money2India offers real-time tracking so you’re 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’s 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 M2I AED-INR rate

 

• Choose to lock the rate for the transfer (Fixed rate) or choose 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're planning large-value or recurring monthly transfers, monitor the forex rate and transfer when AED strengthens against INR. Even a 20–30 paisa 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 a region like the UAE to India, security and regulatory compliance are of utmost importance. ICICI Bank’s 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're initiating transfer request via 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're transferring for family expenses, investments, or EMIs, you can trust that your money is being handled in a secure and regulated environment with ICICI Bank’s Money2India.

7. Why Choose M2I 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 recognized 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 maximize the value of every dirham sent.

24x7 Access with Enhanced Customer Support

Access M2I anytime, anywhere—whether you're on desktop or mobile. With 24x7 availability and a user-friendly interface, you can send money at your convenience. Plus, dedicated customer support ensures prompt assistance through live chat, call, or email—whenever you need help.

In essence, M2I offers the best of both worlds—the backing of a major bank and the tech-forward capabilities of a modern fintech platform.