ICICI Bank has launched several new features on its online remittance platform Money2World.
ICICI Bank on Friday launched several new features on its online remittance platform Money2World. It has done this with the aim of providing better convenience to the users.
ICICI Bank (ICICI Bank) On Friday, its online remittance platform (Online Platform) Many new features have been launched on Money2World. so it users (Users) With the aim of providing better convenience. Those users will also get facilities, whose bank has account (Bank Account) not available. According to the bank, with the help of the new service, customers of other banks will be able to register themselves on this platform by completing KYC (Know Your Customer) through video conferencing. This will be the first facility of its kind.
Apart from this, a new facility is being given to the customers, under which customers who have an account in any other bank will be able to send an amount up to 25 thousand dollars in a financial year. This will be under the Liberalized Remittance Scheme (LRS). This will be 10 times the previous limit. ICICI Bank has also integrated its mobile banking app iMobile Pay with this platform. With this integration, customers will be able to send money abroad, choose their exchange rate and also enter one-time instructions to schedule recurring payments through it.
Let us once know in detail the features found on the platform.
Video KYC facility
In this, an official of the bank will help the person who wants to join the M2W platform, but his account is not present in the bank. The person will be helped to complete the KYC process with the help of a video call. This will also save the time of the person. Under this, it will take much less time than the physical KYC verification process of the branch.
LRS limit increased
Customers of any other bank can now remit an amount of up to $25,000 under LRS through this platform and meet their requirement of remitting large amounts abroad.
Transaction through iMobile Pay
Bank customers can send money through iMobile Pay. All they have to do is login to the app, then select the send money option. And finally, you can send money by selecting Transfer Overseas.
rate alert
The bank will be the first in the industry, in which customers will get personalized forex rate alerts via SMS or email. With the help of this, they will be able to transact automatically at the exchange rate of their choice.
Source: www.tv9hindi.com
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