RemitFee

ICICI Bank · India → New Zealand

ICICI Bank to New Zealand: what it actually costs to send NZD from India

At ₹1,00,000, ICICI Bank charges ₹1,065 — the 2nd-cheapest of 6 banks for NZD. State Bank of India is ₹56 cheaper.

Last updated 9 Oct 2026

Fee breakdown

  • Commission ₹750
  • GST Commission ₹135
  • GST Exchange ₹180
  • Total at ₹1,00,000₹1,065

NZD rate trend at ICICI Bank

Today ICICI Bank sells NZD at ₹55.9700 (TT Selling) and buys it at ₹53.0300 (TT Buying). The selling rate is +0.4000 (+0.72%) since 2 Oct and −1.8500 (−3.20%) since 1 Sep.

  • 30-day TT Selling range: ₹55.4400 – ₹57.3300 across 15 refreshes.
  • ₹1,00,000 bought between 1744.29 and 1803.75 NZD over that window, before charges.
ICICI Bank NZD TT selling and TT buying rates, last 90 days16 Jul: TT Selling ₹58.0100 · TT Buying ₹54.940020 Jul: TT Selling ₹58.1500 · TT Buying ₹55.090029 Jul: TT Selling ₹57.0000 · TT Buying ₹54.020031 Jul: TT Selling ₹57.8000 · TT Buying ₹54.76001 Aug: TT Selling ₹57.8000 · TT Buying ₹54.76004 Aug: TT Selling ₹57.6400 · TT Buying ₹54.63007 Aug: TT Selling ₹57.5400 · TT Buying ₹54.530024 Aug: TT Selling ₹58.8600 · TT Buying ₹55.78001 Sep: TT Selling ₹57.8200 · TT Buying ₹54.790011 Sep: TT Selling ₹57.3300 · TT Buying ₹54.330014 Sep: TT Selling ₹57.3300 · TT Buying ₹54.330021 Sep: TT Selling ₹56.5400 · TT Buying ₹53.570023 Sep: TT Selling ₹56.1800 · TT Buying ₹53.240024 Sep: TT Selling ₹56.0700 · TT Buying ₹53.120028 Sep: TT Selling ₹56.0000 · TT Buying ₹53.070029 Sep: TT Selling ₹56.1100 · TT Buying ₹53.140030 Sep: TT Selling ₹55.7900 · TT Buying ₹52.82001 Oct: TT Selling ₹55.5700 · TT Buying ₹52.64002 Oct: TT Selling ₹55.5700 · TT Buying ₹52.64005 Oct: TT Selling ₹55.4400 · TT Buying ₹52.54006 Oct: TT Selling ₹55.6100 · TT Buying ₹52.70007 Oct: TT Selling ₹55.7200 · TT Buying ₹52.80008 Oct: TT Selling ₹55.8200 · TT Buying ₹52.87009 Oct: TT Selling ₹55.9700 · TT Buying ₹53.030058.8652.5416 Jul9 Oct
TT Selling (when you send)TT Buying (when you receive)24 refreshes · INR per 1 NZD · hover a point for its values

All ICICI Bank forex rates today →

What's specific to NZD at ICICI Bank

  • Outward Remittance Commission: ₹750 for NZD, the standard rate — USD, GBP, EUR, AUD, CAD are priced at ₹1,000 instead.

Receiving in New Zealand

  • New Zealand accounts use a 15–16 digit number in the format bank-branch-account-suffix; the SWIFT/BIC code routes the wire. No IBANs.
  • New Zealand banks typically charge the recipient an incoming international payment fee (around NZD 10–15); some waive it for students.
  • Universities publish NZD bank details or a payment portal; wire in NZD to avoid a second conversion on arrival.

New Zealand is 6.5–7.5 hours ahead of IST; transfers sent in the Indian afternoon credit the next New Zealand business day.

How this compares

State Bank of India is ₹56 cheaper than ICICI Bank for sending NZD to New Zealand.

See the full side-by-side →

ICICI Bank — 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.↗

FAQ — ICICI Bank to New Zealand

What is ICICI Bank's NZD rate today?

₹55.9700 per NZD is ICICI Bank's TT Selling rate today — the rate applied when you send — and ₹53.0300 is its TT Buying rate for money you receive. The selling rate is +0.4000 (+0.72%) since 2 Oct. The full sheet with a 90-day chart is on the ICICI Bank forex rates page.

How much does ICICI Bank charge to send NZD to New Zealand?

On a ₹1,00,000 outward remittance, ICICI Bank's all-in cost today is ₹1,065 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for NZD. The fee breakdown above shows every line item.

Is ICICI Bank the cheapest bank to send NZD to New Zealand?

No — State Bank of India is currently ₹56 cheaper than ICICI Bank for NZD to New Zealand at ₹1,00,000. ICICI Bank ranks 2nd of 6 banks in our coverage for this corridor.

How long does a ICICI Bank transfer to New Zealand take?

A standard SWIFT / TT outward remittance from ICICI Bank to a beneficiary in New Zealand typically settles in 1–3 working days, depending on correspondent-bank routing.

What do I need to send money to New Zealand with ICICI Bank?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in New Zealand, and proof of source of funds for larger amounts. TCS at 20% applies above ₹10 lakh per financial year for most non-education purposes and is claimable in your ITR.

Run your own numbers

TRANSFER

You pay in INR; recipient receives USD.

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.

INR / 1 USD

TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.

BREAKDOWN

Outward remittance

Amount being sent
₹96,890.00

$1,000.00 × ₹96.89

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

TCS is refundable when you file your ITR — it's a tax credit, not a fee.

Estimate only. Correspondent-bank charges are included only where the bank publishes them (Kotak, Axis, SBI); elsewhere they are a pass-through not shown here. Exchange rates shown are indicative. Mid-market rates by Exchange Rate API, updated daily.

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