HomeNewsBankingICICI Bank Launches ‘Smart Wire’ Facility for Inward Remittances

ICICI Bank Launches ‘Smart Wire’ Facility for Inward Remittances

ICICI Bank Launches ‘Smart Wire’ Facility for Inward Remittances – ICICI Bank launched an online solution Named ‘Smart Wire’ to help its customers carry out SWIFT-based (Society for Worldwide Interbank Financial Telecommunications) inward remittances in a faster and hassle-free manner. ICICI Bank becomes the first bank in the country to introduce this faster online solution to receive inward wire remittances. ‘Smart Wire’ facility will allow both NRIs and resident customers to carry inward remittance transactions in an online and paperless way.

  • The ‘Smart Wire’ facility will enable the beneficiary to initiate the wire transfer request, submit online declaration/documents, block the exchange rates in advance and track the status of the transaction.

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