What are the advantages of sending money through Power Transfer (Web Based Wire Transfer)?
The advantages of Power Transfer (Web Based Wire Transfer) are: – Beneficiaries who have an ICICI Bank account will receive funds within one banking day (excluding Saturdays, Sundays and public holidays) of the receipt of funds into our Nostro account. In case of ready cash, the beneficiary can collect the cash from any of the select ICICI Bank branches in India within 1 working day of receiving the funds. This typically amounts to two banking days from the date you give wire transfer instructions to your local bank. However, ICICI Bank will not be responsible for any delay in processing your request if your local bank does not credit the funds into our Nostro account or if it provides incomplete details – Beneficiaries who do not have an ICICI Bank account will receive funds within three banking days of the receipt of funds.
