Private sector lender, ICICI Bank, UK has launched money transfer service for Indians residing in Germany.
The remittance service ‘Insta Netexpress' will be offered to the customer through ICICI's online platform with an assured exchange rate and faster transfer time for customers residing in Germany who wishes to transfer money to India.
Bank in a statement stated a web based online money transfer tracking platform, Money2India.eu to facilitate transferring money and tracking of money transferred from 17 euro zone countries to beneficiaries in India.
This service provides the users with competitive exchange rates with zero processing fee or service charges. And this service also provides faster transfer time and it has a dedicated toll free telephone support.
With the help of PAY.ON, ICICI Bank will be capable of meeting with the customer needs more efficiently and faster service.
Using this facility, the beneficiary will receive the money within 24 hours and the time-to-time exchange rate applicable will be known to the customers at the time of transferring money, as said by the ICICI bank's spokesperson.