Business Accounts
Business Cards
Deposit Accounts
Other Services
Business Finance
RAKBiz - Equip
RAKMoneyTransfer to India
Now sending money instantly to India is at your fingertips. Accounts are credited in just 60 seconds with RAKMoneyTransfer.
Key features
- Instant Credit to ICICI Bank
- Processing time to all other Banks up to 30 minutes
- Competitive rates & Fees
- Service available 24x7x365
- Remit money using your RAKBANK Business Account
RAKMoney transfer rates (Service Charges)
| Service Charges** | |||
|---|---|---|---|
| Transfer Amount | AED 0 - 500 | AED 500.01 - 1000 | AED 1000.01 & Above |
| Service Charge | AED 5 | AED 10 | AED 15 |
Disclaimer: In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.
Processing Timings: (UAE Time)
- Instant transfer to ICICI Bank 24x7x365 days.
- Transfer to other bank account (6.30am to 5.15pm).
- ICICI Joint Accounts will be credited within couple of hours on working day between 7.45am to 5.30pm.
- In case of system issues with beneficiary bank (instant credit feature), the transactions may be credited within few hours on working days between 7.45am to 5.30pm*
- Transfers received after the above timings will be credited the next working days.
*Monday to Friday & alternate Saturday: 1st, 3rd & 5th
Conditions apply
- This service/offer is available for Business customers through RAKBANK Digital Banking using your Mobile, PC & Tablet
- Business customers can send remittance only to individual accounts in India
- Any transfer under this offer will be subject to RAKBANK’s Terms and Conditions governing Electronic Funds Transfer
- INR rate is subject to change and the customer is advised to check the applicable INR rate before initiating the Electronic Funds Transfer