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ICICI Bank's e-Transfer product for NRIs

CHENNAI: ICICI Bank has launched e-Transfer, a paperless NRI remittance product, under the bank's Money2India facility for non-resident Indians. e-Transfer works through the automated clearing house (ACH) of the U.S. enabling it to be a truly online system for transferring money. This will enable NRIs in the U.S. to transfer money to persons in India for the convenience of their homes in an extremely cost effective manner, says a bank release.

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