What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, ~$14B/yr), UAE to Pakistan (AED to PKR, ~$6B/yr), UAE to Philippines (AED to PHP, ~$3.5B/yr), and UAE to Bangladesh (AED to BDT, ~$2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate (mid-market), transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (mid-market rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the mid-market AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

ICICI Bank SWIFT Code — ICICINBB for International Transfers

ICICI Bank Primary SWIFT / BIC Code

ICICINBB

Valid for all ICICI Bank branches in India

ICIC

Bank code

Country

Location

XXX

Branch (opt)

What is a SWIFT Code?

A SWIFT code (also known as BIC — Bank Identifier Code) uniquely identifies a bank in the global SWIFT network used for international wire transfers. Without it, cross-border payments cannot be routed correctly.

ICICI Bank's SWIFT code ICICINBB breaks down as: ICIC (ICICI Bank) + IN (India) + BB (Mumbai). For specific branches, add a 3-character suffix.

ICICI Bank Branch SWIFT Codes

Branch / City	SWIFT Code
Mumbai — Registered Office	ICICINBBXXX
Delhi	ICICINBBDEL
Chennai	ICICINBBMAA
Kolkata	ICICINBBCAL
Bangalore	ICICINBBBNG
Hyderabad	ICICINBBHYD
Ahmedabad	ICICINBBAHM

ICICI Money2India — Sending from UAE

Money2India Service: ICICI Bank operates Money2India, a dedicated remittance platform for NRIs. UAE expats can use Money2India to transfer to any Indian bank (not just ICICI) at competitive AED to INR rates. The platform allows rate alerts, scheduled transfers, and same-day delivery to ICICI accounts. Available at money2india.com and on mobile apps.

How to Receive Money from UAE in ICICI Bank

Bank Name

ICICI Bank Ltd

SWIFT / BIC Code

ICICINBB

Account Number

16-digit ICICI account number

Account Holder Name

Full name as on ICICI account

Bank Address

ICICI Bank Ltd, ICICI Bank Towers, Mumbai 400051, India

Best UAE Providers for ICICI Bank Transfers

WiseBest rate

Enter ICICI account number + IFSC. Best AED→INR rate with transparent low fee.

Review →

ICICI Money2IndiaSame bank

ICICI's own NRI transfer service. Competitive rates, same-day to ICICI accounts.

Review →

Al Ansari ExchangeWalk-in

Walk-in at 200+ UAE branches. Direct ICICI bank deposit in 1-4 hours.

Review →

RemitlyFastest

Supports ICICI Bank. Express delivery in minutes, Economy for better rate.

Review →

Compare AED → INR live rates →

Frequently Asked Questions

What is ICICI Bank SWIFT code?

ICICI Bank's primary SWIFT code is ICICINBB. This 8-character BIC is used for all international wire transfers to ICICI Bank India. For specific branches, add a 3-character suffix (e.g., ICICINBBXXX for the registered office). ICICI Bank is one of India's largest private sector banks with extensive NRI banking services.

What is ICICI Money2India and how does it work from UAE?

Money2India is ICICI Bank's dedicated online money transfer service for NRIs. UAE residents can use it to send money directly to any Indian bank (not just ICICI) at competitive rates. The service offers real-time rate tracking, email alerts, and scheduling. Transfers to ICICI Bank India accounts are typically same-day. You can access Money2India at money2india.com or through the ICICI Bank NRI app.

How to receive international transfers in ICICI Bank NRE account?

To receive money from UAE into ICICI Bank, provide the sender: SWIFT code ICICINBB, your 16-digit ICICI account number, account holder full name, and ICICI Bank branch address. For NRE accounts, foreign currency is automatically converted to INR at ICICI's prevailing rate. ICICI Bank also offers rate-lock features for larger NRE transfers through the Money2India platform.

Related SWIFT & IFSC Code Pages

remit.ae is an independent comparison service. SWIFT codes are provided for informational purposes — always verify with your bank before initiating a transfer. Stack Jewels LLC.