FAQ Visa Money Transfer
2. What are the benefits of using this facility?
Speed - This facility ensures that the funds are transferred to your beneficiary's account in 3 working days. This is much faster as compared to the time required in sending a demand draft and encashing it at the beneficiary's end.
Convenience - Just log on to your Money2India Europe account and you can transfer the funds to your beneficiary.
Reach - The funds can be transferred to the beneficiary anywhere in India as long as he/she holds a Visa card.
3. How much time will it take for the funds to be credited to my beneficiary's resident Visa Debit Card account?
Credits to a resident Visa Debit Card account are processed in 3 days. The timeline excludes banking holidays and weekends in the remittance country, Germany and India. However ICICI Bank is not responsible for the period within which the Beneficiary Bank will credit the proceeds to the Beneficiary Card.
4. Are there any charges to use this facility?
This service is FREE for all money transfers made through Money2India Europe. However, ICICI Bank is not responsible for charges/commission of any kind levied/charged by the Beneficiary's Bank.
6. What beneficiary details do I need to use this service?
You only need to know the beneficiary's 16-digit VISA card number and the beneficiary name. You are requested to provide the accurate/correct number of the Beneficiary Card. ICICI Bank shall not be responsible for any erroneous credit, in case an incorrect number of the Beneficiary Card is provided.
7. Can I track the status of my remittance online?
Yes, you can track the status of your remittance using the tracking number by clicking on the "Track Transfers" option in the logged-in section of www.money2india.eu
9. Can I use this facility to credit an NRE account linked to a Visa Debit Card?
Please note that currently this facility is not available for credits to an NRE account linked to a Visa Debit Card. In case the card specified in your remittance request is linked to an NRE account, ICICI Bank will issue and dispatch a DD at your beneficiary's address.
11. What happens in case money is not credited in beneficiary account or returned by beneficiary bank?
In case the beneficiary account is not credited, the funds will be returned to sender's account without any undue delay. Money2India Europe does not levy any fees for the return of funds. The money will be returned to your Euro account as per then prevalent exchange rates, but not exceeding the original transfer amount.