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ICICI Bank launches ‘Touch n Remit’ facility for NRIs in Kingdom of Bahrain

11 Mar 2015 Evaluate

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.

ICICI Bank Share Price

1264.80 -12.90 (-1.01%)
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Company Name CMP
HDFC Bank 781.20
ICICI Bank 1264.80
Axis Bank 1269.40
Kotak Mahindra Bank 380.75
Indusind Bank 949.85
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