ICICI Bank Ltd.

Leading private sector lender ICICI Bank's UK arm has reportedly unveiled an online savings account ‘HiSAVE Remittance Account’ specifically for remittance of money. The new account will offer dual-benefit of far more convenient money transfers to India as well as the opportunity to earn interest on the balance maintained. This new account is an online-only account and will provide 1.50% interest on any balance maintained in the account.

ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $124 billion at March 31, 2013. The Bank’s presence currently spans 19 countries, including India.