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Frequently Asked Questions

Money2India (UAE) – FAQs

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Who can use the Money2India UAE?

A Non-Resident Indian (NRI)/Person of Indian Origin (PIO) holding an NRI account with ICICI Bank India can use Money2India to send money to any bank account in India in an easy, secure and cost-effective manner.

What are the benefits of using Money2India UAE?

Key benefits include attractive exchange rates, flat fee on any amount sent, secure transactions and 24x7 accessibility through the website and app.

How can I register for Money2India UAE?

You can register online by visiting www.money2india.com, selecting UAE as your resident country, and completing the sign-up process with your personal details.

How long does it take for the money to reach the recipient in India?

Transfers are usually processed on the same working day if we receive your funds by 3:00 p.m. IST. Otherwise, they are processed on the next working day on receipt of funds.

What is the minimum and maximum amount I can send using Money2India UAE?

The minimum transfer amount is AED 300, while there is no limit on the maximum transfer amount. However, the confirmed exchange rate is only for transactions up to INR 20 lakh.

Is it safe to transfer money through Money2India UAE?

Yes. Log in to your Money2India account to check transaction status or visit the Track transaction page.

Whom can I contact in case of issues or queries related to Money2India UAE?

You can reach the Money2India Customer Care team through the contact options provided on the website or the app.

What is the transfer fee for sending money?

A flat fee of AED 12 applies to all transfers.

What are the account details required for funding the transfer request?

Once you initiate your transfer request via Money2India, you will have to fund your transfer request using your local bank account. Following are the steps to fund your transfer

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

  • Go to the Pay/Transfer Funds option to fund your request

 

If you are sending money to ICICI Bank’s Nostro Account for the first time, you need to register ICICI Bank’s 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:

 

Transfer Type

Domestic Transfer

Recipient Name

ICICI Bank Limited

Recipient Bank

National Bank of Fujairah (NBF)

Recipient Bank Swift code

NBFUAEAFDXB

Recipient Bank IBAN number

AE480380000012000938309

 

OR

 

Transfer Type

Domestic Transfer

Recipient Name

ICICI Bank Limited

Recipient Bank

Emirates Bank

Recipient Bank Swift code

EBILAEADXXX

Recipient Bank IBAN number

AE570260001261052966704

 

To process the transaction, enter your 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 be used to send any message to the recipient (ICICI Bank).