Which rate is used to convert the money transferred – the rate applicable on the date of the money transfer request or otherwise?
For Regular e-Transfer (Send in USD), the exchange rate prevailing on the day the money is credited to the beneficiary’s account with ICICI Bank or the money sent for electronic clearing for electronic credit to non-ICICI Bank accounts or the money is sent for credit to a Visa card account* or the demand draft prepared is used to convert the dollar amount into Indian rupees. For Rupee Transfer, you get confirmed USD/INR rates during the course of your transaction for current dated requests.
