NRI Banking

NRI BANKING

POWER TRANSFER
Power Transfer (web-based wire transfer) is an online wire transfer channel. NRIs can transfer money to India in as short a time as 48 hours. Power transfer eliminates the errors associated with a normal wire transfer by giving remitters a printed wire instruction form and a tracking number to track the remittance online. You can send the money through any bank of your choice. Electronic transfers with over 1300 branches in India, electronic transfers into any Visa debit/credit card account in India, demand drafts issued and payable at over 2500 locations in India. No limits on the amounts that can be remitted except SG$. Flexible, because you can remit in 10 currencies.

CHEQUE LOCK BOX
Web based cheque transfer is a revolutionary new way of sending money to India through cheques for NRIs. Instead of mailing a cheque to India, you can post it to a local PO Box in your country. It’s faster, cheaper, and much more efficient. All you need to do is attach a printed form from our website along with the cheque. You don’t even need to have an ICICI Bank account to send the cheques. The recipient gets the money within 3-7 working days after receive the cheque.

THE NRI SMARTSAVE PACKAGE INCLUDES 
With NRI Smart Save Deposit facility, switching from your old banking service is easy. You can conveniently transfer your deposits with other banks. Personalised service and easy access from anywhere in the world. A lifetime free Global Indian Credit Card for an NRI SmartSave Deposit of over Rs 100,000 valid for one year and can avail loan against deposit at preferential rates with a variety of investments from NRI products. Manage your money smartly through Internet banking and mandate holder facility.
EXCHANGE HOUSES/CORRESPONDENT BANKS
To make it easy for NRIs anywhere in the world to send money to their loved ones in India through a variety of offline money transfer products. Get your bank account credited instantly by paying cash over the counter at any of our partner exchange houses or banks and providing them your bank account number. If you are in the Middle East, you will receive a mobile phone alert from the bank when the transaction is completed.

SPEEDTRANSFER
Directly credit bank account or get demand drafts issued at 2300 locations within 24 hours. You can use SpeedTransfer to open fixed deposits. Get an instant demand draft across the counter in rupees from any of our partner exchange houses or banks. These DDs are payable at designated locations of ICICI Bank.

HOME SAFE + INSURANCE
Home Safe+ is designed to cover various risks and contingencies faced by householders, under a single policy. It is an exclusive coverage offered for home loan customers. Home Safe+ provides the traditional structure and contents cover. In addition, it pays you the sum insured opted at the time of availing the policy, in case of inability to pay the equated monthly installments (EMIs) due to death, critical illnesses or loss of employment. The customer needs to submit a letter of intent during the home loan application stage. Home Safe+ covers you for the home loan liability, home structure and home contents. (Note: the policy period is five years). You can choose to buy insurance for only the building (structure) of your home, or only the contents (belongings) or both. The policy covers the losses to the structure and contents of your home due to any natural and man made calamities like fire, riot, strike and malicious damage, explosion and implosion, earthquake, lightning, storm, cyclone, tempest, tornado, hurricane, flood and inundation, damage due to impact by vehicles.
A comprehensive plan covering home loan liability along with traditional home cover single premium long-term insurance plan, no medical checkup required, multiple applicants can be covered under the same loan. Premium paid for the Critical Illness cover is eligible for tax benefits u/s 80D of the Income Tax Act. The insured needs to be between 20-50 years of age. The loan tenure has to be of at least 36 months.
These schemes are provided by several MNC and Indian banks. For details, and for contacting relevant officers please write to sales@indiaempire.com, info@indiaempire.com 
or call 91.11.2923.1515 (10 AM-6 PM) Monday through Friday