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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ICICI Bank launches phone-based remittance in Bahrain
- Bahrain: Monday, October 29 - 2007 at 14:43
- PRESS RELEASE
ICICI Bank, India's second largest Bank, has announced the launch of another innovative, convenient and cost effective money transfer service called 'Call and Remit' for its customers in Bahrain.
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Notes and media contacts
About ICICI BankICICI Bank (NYSE:IBN) is India's second largest bank and largest private sector bank with over 50 years presence in financial services and with assets of USD 92 billion as on September 30, 2007. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, private equity and asset management. ICICI Bank is a leading player in the retail banking market and services its large customer base through a network of over 950 branches and extension counters, 3600 ATMs, call centres and internet banking.
ICICI Bank set up the International Banking Group (IBG) in 2002 to implement a focussed strategy for its international banking business. Within a short span of five years, ICICI Bank's international presence currently spans 18 countries and includes wholly owned subsidiaries in the United Kingdom, Canada and Russia; offshore banking units in Singapore and Bahrain; a branch in Dubai, branches in Sri Lanka, Hong Kong, Qatar and ICICI Bank UK branches in Belgium; and representative offices in the United States, China, United Arab Emirates, Bangladesh, South Africa, Indonesia, Thailand and Malaysia.
The product and services mentioned in the press release are provided by ICICI Bank, Bahrain and is subject to product/service specific terms & conditions. The details of such terms and conditions are available on www.icicibankbahrain.com or contact "ICICI Bank, Bahrain at 00973-17576161. The products and services mentioned in this press release are also subject to Central Bank of Bahrain rules/regulations & other applicable laws. Payment of the remitted funds is subject to rules and regulations of the country where the payment is to be made. The information in this document reflects prevailing conditions and our views as of this date all of which are expressed without any responsibility on our part and are subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. The information provided herein is not intended nor should it be construed to represent that ICICI Bank Limited is soliciting. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank.
For press queries:
Mr Charudatta Deshpande
Head - Corporate Communications,
ICICI Bank Ltd
Mumbai, India
Phone: +91 22 26538208
Posted by Medilyn Manibo, Assistant News EditorMonday, October 29 - 2007 at 14:43 UAE local time (GMT+4)
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