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ICICI Bank launches phone-based remittance in Bahrain

Bahrain: Monday, October 29 - 2007 @ 14:43

Under this offering, a customer of ICICI Bank Bahrain can transfer money to his/her family in India by calling up a toll free number, without visiting the branch.

There is a one time activity of registering the beneficiary. After this, the customer can transfer the money in two steps – call the bank on the toll free number 80001313 and specify the amount to be transferred.

Mr Ajay Sharma, Country Head – Bahrain said “ICICI Bank has been offering remittance services to the large section of Indian expatriates residing in Bahrain through its offshore banking unit, which has now received a Retail banking license from the Central Bank of Bahrain. Indians in Bahrain are a major contributor to remittances being sent home every year. The bank endeavors to provide the best products to its customers and this initiative is one more step in that direction.”

Another exciting mode is Internet Banking which allows the sender to transfer money online to the receivers account in ICICI Bank, India from the comfort of his home. The receivers account is credited instantaneously,

Other modes offered are electronic funds transfer and issuance of demand draft.

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Monday, October 29- 2007 @ 14:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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