 "ICICI Bank UK launches online account for remittance")
Leading private sector lender ICICI Bank's UK arm has launched HiSAVE Remittance Account, an online savings account specifically for remittance of money.
The account will offer dual-benefit of money transfers to India and will also earn interest on the balance maintained.
HiSAVE Remittance Account will be an online-only account and will earn 1.50% interest on any balance maintained in the account, the lender said in a release.
“They will also have the option to set a “Rate Block” on transfers to India, which means that customers can set a minimum exchange rate at which to transfer and ICICI Bank will ensure that money is sent only at that exchange rate or higher,” it added.
The account will offer dual-benefit of money transfers to India and will also earn interest on the balance maintained.
HiSAVE Remittance Account will be an online-only account and will earn 1.50% interest on any balance maintained in the account, the lender said in a release.
“They will also have the option to set a “Rate Block” on transfers to India, which means that customers can set a minimum exchange rate at which to transfer and ICICI Bank will ensure that money is sent only at that exchange rate or higher,” it added.