ICICI Bank, India’s largest private sector bank, has tied up with SADAD Electronic Payments WLL to offer remittance service for NRIs based in Bahrain, enabling them to transfer monies instantly to India from the latter’s kiosks spread across the Kingdom of Bahrain. This 24X7 remittance service ‘Touch n Remit’ is a first-of-its kind in Bahrain and is available to all NRIs, even if they don’t have an account with ICICI Bank.
To avail this service, the remitters have to carry out a simple, one-time registration for themselves and beneficiary by visiting the ICICI Bank Bahrain branch. Subsequent to the registration, they can visit designated SADAD kiosks with cash and initiate money transfer to over 100 banks in India including ICICI Bank.
ICICI Bank beneficiaries shall receive money instantly in their account, while other bank’s beneficiaries will receive funds in their accounts between two and 24 working hours.
| Company Name | CMP |
|---|---|
| HDFC Bank | 781.20 |
| ICICI Bank | 1264.80 |
| Axis Bank | 1269.40 |
| Kotak Mahindra Bank | 380.75 |
| Indusind Bank | 949.85 |
| View more.. | |
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