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    M2N12816457

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    janacad
    1. The document provides instructions for initiating an international money transfer from a DBS POSB bank account in Singapore to an ICICI Bank account in India using NetExpress. 2. It details the 6 steps to complete the transfer through the DBS iBanking application including selecting ICICI Bank as the recipient, entering the tracking number and transfer amount, submitting the request, and confirming an OTP for authorization. 3. Key details are provided regarding the validity date of the confirmed exchange rate, timelines that exclude weekends and holidays, and ensuring the exact amount is sent.

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    M2N12816457

    Uploaded by

    janacad
    29 views1 page
    1. The document provides instructions for initiating an international money transfer from a DBS POSB bank account in Singapore to an ICICI Bank account in India using NetExpress. 2. It details the 6 steps to complete the transfer through the DBS iBanking application including selecting ICICI Bank as the recipient, entering the tracking number and transfer amount, submitting the request, and confirming an OTP for authorization. 3. Key details are provided regarding the validity date of the confirmed exchange rate, timelines that exclude weekends and holidays, and ensuring the exact amount is sent.

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    1. The document provides instructions for initiating an international money transfer from a DBS POSB bank account in Singapore to an ICICI Bank account in India using NetExpress. 2. It details the 6 steps to complete the transfer through the DBS iBanking application including selecting ICICI Bank as the recipient, entering the tracking number and transfer amount, submitting the request, and confirming an OTP for authorization. 3. Key details are provided regarding the validity date of the confirmed exchange rate, timelines that exclude weekends and holidays, and ensuring the exact amount is sent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views1 page

    M2N12816457

    Uploaded by

    janacad
    1. The document provides instructions for initiating an international money transfer from a DBS POSB bank account in Singapore to an ICICI Bank account in India using NetExpress. 2. It details the 6 steps to complete the transfer through the DBS iBanking application including selecting ICICI Bank as the recipient, entering the tracking number and transfer amount, submitting the request, and confirming an OTP for authorization. 3. Key details are provided regarding the validity date of the confirmed exchange rate, timelines that exclude weekends and holidays, and ensuring the exact amount is sent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Net Express - Transaction

    To complete your NetExpress transaction, you will now need to initiate the money transfer from your local bank account to ICICI Bank's Correspondent Bank account. Follow the transfer Instructions below, to initiate the transfer: 1. Login to the Internet Banking application of Development Bank of Singapore at www.dbs.com POSB 2. Select "Bill Payment" under "Payment Services" option in the navigation menu on the left or using the "shortcuts" list. 3. On the Bill Payment page, click on the "Please select a corporation" option, choose "ICICI Bank" from the list and click "Submit" .POSB 4. Next, select the account you want to make the payment from, in the "From account" list, enter the Tracking Number in the "Consumer Reference No." field and enter the amount to be transferred in the "Payment Amount S$" field From Account : 039933160 Consumer Reference No. : M2N12816457 Payment Amount S$ : 520.47SGD 5. Click "Submit" at the bottom of the page to complete the money transfer request. 6. After you have submitted the transaction, DBS will send a single use 'One Time Password(OTP)' to your mobile phone or message pager via SMS or message page. This OTP will be used to authorise your DBS/POSB Funds Transfer Application or Interbank Funds Transfer Application on DBS iBanking. Only once you confirm the correct OTP, your money transfer will be initiated. For details on the SMS OTP, please visit:http://www.dbs.com/sg/personal/ibanking/additionalinfo/faq/paymentsvc/billpaymen t Kindly Note: Please note that the Fixed Rupee transfer request and the confirmed rate is applicable only if we receive the exact foreign currency amount of 520.47 SGD within the validity date of 09 FEBRUARY 2012 In case we do not receive the funds within the validity date, your request will be processed as a regular request and the rate as applicable at the date and time of conversion of your funds will be applied to your transaction. The confirmed rate will not be valid for Fixed Rupee transfer requests where funds are received after the Validity Date. What is Validity date? Validity date is the date when funds are available to ICICI Bank in India for further processing and disbursal to receiver. Please note that typically the ICICI Bank's correspondent bank receives the funds within the clearing cycle in the remitting country, however the money is made available to ICICI Bank in India on the next working day along with all relevant details required for processing. Please make a note of the same while funding your transaction requests. Timelines exclude Banking Holidays and Saturdays, Sundays in Remitting country and India. Please ensure that you send exactly the same amount as confirmed in the Amount/Currency field above. This amount should be lower than or equal to your Net banking funds transfer limit (if any) as set-up for your Remitting Bank account. Once you initiate the funds transfer, depending on the electronic clearing used by your local bank to transfer the money and the associated clearing time, ICICI Bank will typically receive the funds within 1 working day. Please note that the funds will be credited into the receiver's ICICI Bank Account within 1 working day of ICICI Bank receiving the money. Timelines exclude banking holidays as well as Saturday and Sunday in the remitting country and India. Please Click here to view the list of banking holidays in India Singapore

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