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Are there any limits or restrictions on transactions?

This service is regulated by the RBI and the following rules apply

  • Remittance can only be received for purpose of personal maintenance. Business and investment transactions cannot be routed using this service
  • A single transaction cannot exceed the Indian Rupee equivalent of USD 2,500
  • Not more than 30 transactions can be received in a calendar year. As an added measure of safety, ICICI Bank will restrict the service to 2 transactions per month per Beneficiary

ICICI Bank additionally maintains its own risk and security profiling systems and reserves the right to decline suspicious transactions.