ICICI Bank · Outward remittance
ICICI Bank Remittance Charges
Full per-currency rate sheet, fee-component breakdown, and worked totals at ₹50,000, ₹1,00,000, and ₹5,00,000 across USD, GBP, EUR, AED — all computed against ICICI Bank's own data. Also called international wire transfer, SWIFT or telegraphic transfer (TT) charges.
Today's USD rate
₹98.1100
TT Selling, INR per 1 unit
Commission
₹750–₹1,000
by corridor
GST
18%
on Commission
Swift / correspondent
—
not separately charged
01 · Things to know
Things to know
Applies to:Sending money abroad through ICICI NetBanking or iMobile as a Resident Individual. Branch and NRI cases aren't modelled here.
- Home corridors cost ₹1,000 — with guaranteed delivery. Since 1 Apr 2026, USD→USA, GBP→UK, EUR→Eurozone, AUD→Australia and CAD→Canada carry a ₹1,000 commission that ICICI labels 'Full Value Credit (Guaranteed Delivery)': no intermediary deductions, the full amount reaches the beneficiary bank. Every other route is ₹750 and non-guaranteed.↗
- ₹750 routes can lose money in transit. On the ₹750 non-guaranteed routes ICICI's charges don't include intermediary or correspondent bank fees — those banks can deduct their own charges from what the recipient receives, and ICICI publishes no amount for them.↗
- Branch costs more. At a branch the ₹750 routes cost ₹1,000 and USD→USA costs ₹1,500 (vs ₹1,000 online); the other four home corridors are ₹1,000 either way.↗
- GST is charged twice. GST applies to both the commission and the currency conversion (a slab), so your total GST is more than 18% of the commission alone.↗
- TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year — refundable as a tax credit at ITR time.
- Skip the branch. Use NetBanking or iMobile instead of a branch: ₹250 cheaper on most routes and ₹500 cheaper for USD→USA.
- Compare the ₹1,000 with other banks' OUR totals. On the five home corridors the extra ₹250 buys guaranteed full-value delivery, so weigh it against other banks' commission plus correspondent charge — not their base commission alone.
▸Show 1 more note
Other things to know
- Card-rate cap. Card rates cover up to USD 25,000 per request and are indicative — the rate at debit time is what applies; above the cap, contact the branch or your RM.↗
02 · What you'll pay
What you'll pay
ICICI Bank bundles a small set of line items into the final fee. Each is computed from the rules below.
| Component | How it's calculated |
|---|---|
| Outward Remittance Commission | Flat ₹750 by corridor (USD ₹1000, GBP ₹1000, EUR ₹1000, AUD ₹1000, CAD ₹1000) |
| GST on Commission (18%) | 18% on commission |
| GST on Amount Exchanged | Slab by ACE; 3 bands |
03 · Today's rates
Today's rates
TT Selling = rate the bank uses when you send money abroad. TT Buying = rate applied when you receive money from abroad. Spread shows how much wider the sell rate is over the buy rate.
| Currency | TT Selling (outward) | TT Buying (inward) | Spread |
|---|---|---|---|
| USD | 98.1100 | 95.1200 | 3.14% |
| EUR | 110.8900 | 106.0600 | 4.55% |
| GBP | 131.4200 | 124.8300 | 5.28% |
| AUD | 69.8400 | 65.8600 | 6.04% |
| CAD | 69.9400 | 66.2600 | 5.55% |
| CHF | 119.3100 | 113.7000 | 4.93% |
| NZD | 55.9700 | 53.0300 | 5.54% |
| SGD | 76.9700 | 74.2500 | 3.66% |
| HKD | 12.6900 | 11.9700 | 6.02% |
| JPY | 0.6310 | 0.5954 | 5.98% |
| KRW | 0.0754 | 0.0688 | 9.59% |
| THB | 2.9700 | 2.7900 | 6.45% |
| CNH | 15.1000 | 13.7900 | 9.50% |
| AED | 27.1600 | 25.5100 | 6.47% |
| SAR | 26.5700 | 24.9900 | 6.32% |
| OMR | 258.9800 | 244.0400 | 6.12% |
| BHD | 264.5200 | 248.3200 | 6.52% |
| KWD | 326.5900 | 299.6800 | 8.98% |
| QAR | 27.5500 | 25.7300 | 7.07% |
| DKK | 15.0100 | 14.0000 | 7.21% |
| NOK | 10.5400 | 9.7400 | 8.21% |
| SEK | 10.1100 | 9.3800 | 7.78% |
| ZAR | 6.0700 | 5.5900 | 8.59% |
| PLN | 25.6500 | 23.8600 | 7.50% |
04 · Worked examples
Worked examples
Real totals at three benchmark amounts across four currencies, computed against ICICI Bank's own rate sheet.
| Amount | Foreign amount | Total fees |
|---|---|---|
| USD | ||
| ₹50,000 | 509.63 USD | ₹1,270 |
| ₹1,00,000 | 1019.26 USD | ₹1,360 |
| ₹5,00,000 | 5096.32 USD | ₹1,720 |
| GBP | ||
| ₹50,000 | 380.46 GBP | ₹1,270 |
| ₹1,00,000 | 760.92 GBP | ₹1,360 |
| ₹5,00,000 | 3804.60 GBP | ₹1,720 |
| EUR | ||
| ₹50,000 | 450.90 EUR | ₹1,270 |
| ₹1,00,000 | 901.79 EUR | ₹1,360 |
| ₹5,00,000 | 4508.97 EUR | ₹1,720 |
| AED | ||
| ₹50,000 | 1840.94 AED | ₹975 |
| ₹1,00,000 | 3681.89 AED | ₹1,065 |
| ₹5,00,000 | 18409.43 AED | ₹1,425 |
Sending money to specific countries
Per-currency cost for ICICI Bank at ₹1,00,000. Countries sharing a currency show the same total.
| Currency | Cost for ₹1L | Countries |
|---|---|---|
| USD | ₹1,360 | |
| GBP | ₹1,360 | |
| CAD | ₹1,360 | |
| AUD | ₹1,360 | |
| AED | ₹1,065 | |
| SGD | ₹1,065 | |
| EUR | ₹1,360 | |
| SAR | ₹1,065 | |
| JPY | ₹1,065 | |
| CHF | ₹1,065 | |
| NZD | ₹1,065 | |
| HKD | ₹1,065 |
FAQ — ICICI Bank remittance charges
How much does ICICI Bank charge for outward remittance from India?
On a ₹1,00,000 transfer in USD, ICICI Bank's all-in cost today is ₹1,360 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate (rates updated 9 Oct 2026). The worked examples above show totals at other amounts and currencies.
What are ICICI Bank's international wire transfer (SWIFT) charges?
A wire transfer, a SWIFT transfer and a telegraphic transfer (TT) are the same product — an outward remittance. ICICI Bank charges an Outward Remittance Commission of ₹750 (₹1,000 for USD, GBP, EUR, AUD, CAD); and 18% GST on those fees, on top of converting your rupees at its TT Selling rate. Every line is itemised in the fee table above.
Is an "international transaction charge" the same as ICICI Bank's remittance charge?
No. An international transaction charge (or forex markup) is what a debit or credit card adds when you pay in a foreign currency — usually a percentage of the purchase plus GST. A SWIFT remittance from ICICI Bank is priced differently: commission, SWIFT / correspondent charges and 18% GST, plus the TT Selling rate. The two never apply to the same transaction.
What exchange rate does ICICI Bank use for international transfers?
ICICI Bank converts your INR at its own published TT Selling rate — currently ₹98.11 per USD (rates updated 9 Oct 2026). This rate already includes the bank's margin over the mid-market rate, typically 1–2% at Indian banks, which is a real cost on top of the visible fees.
Does ICICI Bank charge GST on international money transfers?
Yes — GST at 18% is charged on ICICI Bank's commission (and on SWIFT / correspondent charges where the bank explicitly applies it). GST applies to the bank's fee portion, not to the amount you're sending. Every GST line is shown separately in the fee breakdown on this page.
How long does an international transfer from ICICI Bank take?
A standard SWIFT / TT outward remittance from ICICI Bank typically credits the beneficiary in 1–3 working days, depending on the destination country and correspondent-bank routing.
How much money can I send abroad through ICICI Bank in a year?
Under the RBI's Liberalised Remittance Scheme (LRS), a resident Indian can remit up to USD 250,000 per financial year — the cap applies across all banks and purposes combined, not per bank. TCS at 20% applies above ₹10 lakh per year for most non-education purposes and is claimable in your ITR.
Try it
Run your own numbers
Adjust the amount and currency below to see live totals for ICICI Bank.
TRANSFER
You pay in INR; recipient receives USD.
Used to determine if this transfer crosses the ₹10L TCS threshold.
Best deal: Indian Overseas Bank. You save ₹3,948.89 vs the most expensive.
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
BREAKDOWN
Outward remittance
Amount being sent $1,000.00 × ₹96.89 | ₹96,890.00 |
| Outward Remittance Commission (0.075%) | ₹250.00 |
| Swift Payment Message | ₹500.00 |
| GST on Commission + Swift (18%) | ₹135.00 |
| GST on Amount Exchanged | ₹174.40 |
| Total charges | ₹1,059.40 |
| Total payable (INR) | ₹97,949.40 |
- Amount being sent
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
$1,000.00 × ₹96.89
Total payable (INR)
₹97,949.40
Indian Overseas Bank
₹97,949.40
Cheapest
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹96.89
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
- Total payable (INR)
- ₹97,949.40
State Bank of India
₹98,282.54
+₹333.14 vs cheapest
TT Selling rate from State Bank of India's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹97.05
- ₹97,050.00
- Branch Commission
- ₹970.50
- Correspondent Bank Charge (Remitter mode)
- ₹87.35
- GST on Amount Exchanged
- ₹174.69
- Total charges
- ₹1,232.54
- Total payable (INR)
- ₹98,282.54
ICICI Bank
₹99,466.60
+₹1,517.20 vs cheapest
TT Selling rate from ICICI Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.11
- ₹98,110.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹176.60
- Total charges
- ₹1,356.60
- Total payable (INR)
- ₹99,466.60
Kotak Mahindra Bank
₹99,697.01
+₹1,747.61 vs cheapest
TT Selling rate from Kotak Mahindra Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.34
- ₹98,340.00
- Outward Remittance Commission (Online)
- ₹500.00
- Correspondent Bank Charge
- ₹500.00
- GST on Commission + Correspondent (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.01
- Total charges
- ₹1,357.01
- Total payable (INR)
- ₹99,697.01
HDFC Bank
₹99,707.03
+₹1,757.63 vs cheapest
TT Selling rate from HDFC Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.35
- ₹98,350.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.03
- Total charges
- ₹1,357.03
- Total payable (INR)
- ₹99,707.03
Axis Bank
₹1,01,898.29
+₹3,948.89 vs cheapest
TT Selling rate from Axis Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.45
- ₹98,450.00
- Remittance Commission
- ₹1,000.00
- Correspondent Bank Charge (OUR)
- ₹1,772.10
- GST on Commission + Correspondent (18%)
- ₹498.98
- GST on Amount Exchanged
- ₹177.21
- Total charges
- ₹3,448.29
- Total payable (INR)
- ₹1,01,898.29
TCS is refundable when you file your ITR — it's a tax credit, not a fee.