Custom Search

Friday, June 21, 2013

ICICI Bank UK launches online remittance account

ICICI Bank UK launched an online savings account specifically for money transfers to India.

The ‘HiSAVE’ remittance account will provide account holders the opportunity to earn 1.50 per cent interest on the balance maintained in the account after the money transfer.

The customers also have the option to set a minimum exchange rate at which they transfer their money and the bank will ensure that the money is sent only at that exchange rate or higher, the bank said.

The account can be opened and managed online and does not require a minimum balance to be maintained.

The bank also assures money transfer within 24 hours to 55,000 other bank branches in India. On defaulting on the above, the bank will pay 5 pence for every 10 pounds transferred by way of credit to the account, from a minimum of 1 pound to a maximum of 50 pounds.

Customers can also open a fixed deposit account under the same product with a minimum balance of 1,000 pounds.

Source: thehindubusinessline


Post a Comment

Popular Posts

Desi Google | A2Z Famous Quotes | What's Cooking America | Joke Site