"This revolutionary service allows Xoom customers to instantly deposit money into their recipients' ICICI Bank accounts, 365 days a year, including bank holidays," Xoom said in a release.
Instant deposits to ICICI Bank will be processed through Xoom's partnership with Punjab National Bank, it added.
"...Customers will never have to wait. Speed and convenience are what customers expect from Xoom's service and we continue to do just that in our mission to provide instant deposit to even more banks in India," said Julian King, Senior Vice President of Marketing and Business Development, Xoom.
Xoom said customers can also download the company's App for Android and iOS mobile devices for free.
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