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Receiving money from abroad in ICICI Bank? Check ICICI inward remittance charges, exchange rate (TT buying rate), SWIFT code details, and step-by-step process in 2026.

Expecting money from abroad in your ICICI Bank account? Whether it’s salary, freelance payment, family support, or business income, understanding ICICI inward remittance helps you know how much ₹ you’ll receive and how long it takes.

Here’s a complete 2026 guide in simple terms.

Quick Summary: ICICI Inward Remittance

Detail	Information
Type	Foreign Inward Remittance
Network	SWIFT Transfer
Processing Time	Typically same day or 1–2 working days
Exchange Rate Used	TT Buying Rate
Charges	May apply
Tracking	SWIFT UTR number

Final credited amount = Converted INR amount – Applicable charges (if any)

What is ICICI Inward Remittance?

An inward remittance is money sent from a foreign country to your ICICI Bank account in India.

Common purposes:

• Overseas salary
• Freelance payments
• Export payments
• Family transfers
• Education-related transfers

Funds are usually sent via SWIFT transfer from the sender’s bank.

ICICI Inward Remittance Exchange Rate (2026)

ICICI Bank converts foreign currency into INR using the:

TT Buying Rate (Telegraphic Transfer Buying Rate)

Important Points:

• Rates change daily based on forex market movement
• The bank adds a small margin over interbank rate
• Final rate depends on time of processing
• Business and retail accounts may have slight differences

You can check the latest forex rate through:

• ICICI NetBanking
• ICICI Mobile Banking App
• Contacting ICICI customer care

Rates are dynamic and may vary.

ICICI Inward Remittance Charges

Charges may vary depending on:

• Account type
• Amount received
• Sender bank arrangement

Typical Components:

• Inward remittance processing fee
• GST (18%) on applicable charges
• Correspondent bank charges (if deducted abroad)

Some premium or salary accounts may offer reduced charges.

Always check the schedule of charges applicable to your account.

Documents Required for Inward Remittance

For regular small transfers, usually no extra documents are required.

For larger amounts or business payments, bank may request:

• Purpose code (as per RBI guidelines)
• FEMA declaration
• Invoice (for export payments)
• Supporting documents

Requirements may vary based on compliance rules.

How to Receive Inward Remittance in ICICI Bank (Step-by-Step)

Step 1: Share Correct Bank Details with Sender

Provide:

• Your full name (as per bank record)
• ICICI Bank account number
• Branch name
• ICICI SWIFT code
• IFSC code (if required)

Incorrect details may delay credit.

Step 2: Sender Initiates SWIFT Transfer

The sender’s bank sends funds through SWIFT network.

Step 3: Currency Conversion

ICICI converts the foreign currency to INR at the prevailing TT Buying Rate.

Step 4: Credit to Account

Funds are usually credited:

• Same day (if received early)
• Within 1–2 working days

You will receive SMS or app notification.

How to Track ICICI Inward Remittance

If amount is delayed:

Ask Sender for:

• SWIFT UTR number
• Transfer date
• Amount sent
• Sending bank details

Then:

• Contact ICICI customer care
• Raise service request via NetBanking
• Visit branch if required

Common Issues & Solutions

1. Amount Credited is Lower

• Exchange rate fluctuation
• Bank charges
• Correspondent bank deduction

2. Remittance Not Received

• Incorrect account details
• Compliance check pending
• Intermediary bank delay

3. Bank Asking for Purpose Code

• Provide correct RBI purpose code
• Submit declaration if required

Security Tips

• Share bank details only with trusted sender
• Never share OTP
• Verify expected currency and amount
• Use official ICICI channels for support
• Keep KYC updated

FAQs: ICICI Inward Remittance

Conclusion

Receiving ICICI inward remittance in 2026 is straightforward if you share correct bank details and understand the applicable exchange rate and charges.

Before expecting a large transfer:

• Check the latest TT Buying Rate
• Confirm inward remittance charges
• Keep compliance documents ready (if needed)
• Track using SWIFT UTR

For exact rates and fees, always check in your ICICI banking app or contact your branch, as charges and policies may vary.