twitteryou tubefacebookacp

Emirates NBD to facilitate quick money transfer to ICICI account holders

Emirates NBD says that DirectRemit is one of its popular services, due to its safety and technology-friendly set up. (Image source: OTA Photos/Flickr)

UAE?s Emirates NBD has tied up with India?s ICICI Bank to enable instant money transfers through the DirectRemit service

Through the tie up, Emirates NBD customers can transfer funds to Indian ICICI account holders within a minute, said Emirates NBD. Customers can avail of this service through Internet banking, mobile banking and ATMs of Emirates NBD. They would be required to complete a simple registration process to add the ICICI Bank beneficiary.

ICICI president Vijay Chandok said, ?We are committed to strengthening the relationship with customers by means of continuous adoption of innovative technology. With an experience of serving more than 1.5mn NRIs (Non Resident Indians) across the globe for over a decade, we have built significant expertise in the field of remittances. DirectRemit facilitates the convenience of sending money to any beneficiary in India within a minute. We are pleased to tie up with Emirates NBD and are confident that it will help us deliver best-in-class service propositions to NRIs across UAE.?

ICICI Bank is one of the largest private banks in India, with a network of more than 3,800 branches. Officials from Emirates NBD said that they would enhance existing corridors and add new transfer corridors in the near future, which would enable smooth movement of funds.

Emirates NBD retail banking and wealth management general manager Suvo Sarkar said that the DirectRemit platform is amongst the most popular services as it provides customers with an on-the-go, yet safe channel to transfer funds instantly to their home country.

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

Etihad Rail routinely conducts environmental impact assessments. (Image source: Etihad Rail)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

Schneider Electric will also provide ongoing energy management consultancy and power systems engineering expertise. (Image source: Schneider Electric)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

The villa has an overall built-up area of 300 sqm. (Image source: 3DXB)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

The UAE’s construction market was valued at US$94bn in 2023. (Image source: Peikko Gulf)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

Etihad Rail routinely conducts environmental impact assessments. (Image source: Etihad Rail)

The UAE’s construction market was valued at US$94bn in 2023. (Image source: Peikko Gulf)

David Mooney, vice president and MENA lead at Efficio. (Image source: Efficio)