If you are travelling abroad, you can exchange currency 60 days before your scheduled travel date, considering you have valid proof. These can be exchanged at the counters of any public or private sector banks in India. ICICI currency exchange services make it to the list of banks that exchange foreign currency in easy and secure ways. The bank offers currency exchange at competitive rates. Continue reading to find out more about ICICI currency exchange.
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ICICI Currency Exchange Services
ICICI Bank offers foreign currency exchange to help you get foreign cash in exchange for INR. The bank provides a suite of convenient and secure solutions to make your currency exchange process smooth and hassle-free. You can carry foreign notes in various denominations to help you meet expenses when travelling abroad for leisure or study abroad purposes.
There are no hidden charges or surprises. You know exactly what you’re paying upfront when taking ICICI currency exchange services.
- ICICI currency exchange is available in 12 currencies. These are USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, SGD, HKD, SAR and THB.
- ICICI Bank branches in Mumbai offer doorstep delivery.
- To avail ICICI currency exchange services, users can avail this through various ways, including Internet banking and mobile banking.
- RBI has introduced an electronic trading platform ‘FX-Retail’ for currency trading. This allows retail banking customers the option to BUY and SELL foreign exchange, currently offering Cash/Tom/Spot deals in USD/INR.
- You can opt for an ICICI Bank Forex Card. It is a prepaid card accepted worldwide for purchases and ATM withdrawals that helps you enjoy a cashless experience.
Also Read: Know all about ICICI Bank education loan to study abroad. Check out details like interest rates, eligibility, documents required, and how to apply.
How to Avail ICICI Currency Exchange Services?
The bank offers four multiple ways to avail ICICI currency exchange services for international travel. This ensures that you get a smooth and hassle-free experience. These ways are currency exchange through online banking, iMobile app, SMS banking, and visiting the nearest bank branch.
Visit an ICICI Bank Branch
- Locate a branch near you using the given link.
- Talk to a customer service representative who can guide you through the forex exchange process and answer any questions.
- Purchase forex currency notes directly at the branch.
- Make sure to provide proof of travel which can include a VISA stamp or air tickets.
Also Read: Check out the details on how to obtain an ICICI interest certificate to claim tax benefits on the interest paid on the ICICI education loan.
Online Banking
- Buy forex prepaid cards directly through ICICI Bank’s Internet banking platform.
- Enjoy the convenience of doorstep delivery for your Forex card.
- Instantly reload or refund your linked Forex prepaid card for easy management of your travel funds.
iMobile App
- Download the ICICI Bank iMobile app for ICICI currency exchange solutions.
- Purchase forex directly from your smartphone using the app.
- Instantly reload or request a refund for your linked Forex prepaid card, all within the app.
SMS Banking
- Send an SMS with the text “FOREX” to 5676766.
While this option might not allow for full transaction completion, it can initiate the forex exchange process for you. You might be redirected to a customer service representative or the bank’s website to finalize the transaction.
ICICI Currency Exchange Charges
ICICI Bank charges a nominal fee for offering currency exchange services. However, ICICI Bank strives for transparency in foreign money exchange. There are no hidden charges, so you know exactly what you’re paying upfront.
Some of the charges listed based on the bank’s information listed on their official website are as mentioned-
| Country | Rate | Service Charge |
| USA | 82.68 | Up to USD 1000 – USD 4 feeAbove USD 1000 – zero fees |
| Singapore | 60.60 | No service Charge |
| UAE | 22.60 | 12 AED |
Please note: These rates and charges mentioned are applicable as of 19 June 2024. You can find the most recent rates and charges for various currencies listed online on the ICICI Bank website.
ICICI Currency Exchange Rates
One of the important things to know is the currency exchange rate calculation. The currency exchange rates offered by ICICI Bank are competitive. The bank lists the exchange rates on its website which are updated periodically.
You can find the ICICI currency exchange rates for different currencies online on the official website. The buying and selling rates, both are listed and updated regularly. This is because the currency exchange rates are volatile and change as per market conditions.
The currency exchange rates for various currencies are mentioned, including USD, GBP, AUD, CAD, JPY, CHF, and other popular currencies.
This was all about ICICI currency exchange services. Know about the currency exchange rates to save yourself from paying additional fees.
To know more about education loans, the best bank accounts for students, forex cards, and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
Yes, as per the RBI guideline, you can exchange currency up to 60 days before your travel date. However, you need to show valid travel proofs like air tickets or VISA stamps.
ICICI Bank offers competitive exchange rates, multiple exchange options (online, mobile app, branch visits), and secure transactions.
ICICI Bank offers currency exchange for 12 major currencies. These are USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, SGD, HKD, SAR and THB.
Yes, doorstep delivery for forex cards is available at ICICI Bank branches in Mumbai. You can check the bank’s official website for availability in other locations.
The latest ICICI currency exchange rates for various currencies (USD, EUR, etc.) are available online on the bank’s website. The buying and selling rates, both are listed and updated regularly.
ICICI Bank charges a nominal fee for offering currency exchange services. However, ICICI Bank strives for transparency in foreign money exchange. There are no hidden charges, so you know exactly what you’re paying upfront.
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