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What are the charges for using e-transfer (ACH)?

April 26, 2017ACH Charges e-transfer

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What are the charges for using e-transfer (ACH)?

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Nominal charges levied as below: Remittance Service charge: A nominal USD 2 charge (inclusive of service tax @10.3%) for amounts of USD 1000 or below for electronic credits into bank accounts (over 100 key banks in India), for credit to VISA card accounts and for issuing Demand drafts to over 2500 locations. No remittance service charge applicable for higher amounts. Ready cash payouts at select ICICI Bank branches in India for a charge of USD 5 (inclusive of service tax @10.3%) Foreign currency conversion charge: A nominal charge of INR 25 (inclusive of service tax) will be levied on every remittance request where foreign currency conversion* is carried out on or after May 16th 2008. This charge would be deducted from the amount to be paid to the beneficiary.