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.

UAE → India (ICICI Bank)

Send Money to ICICI Bank from UAE (2026 Guide)

ICICI Bank is India's second-largest private bank and has one of the strongest NRI banking platforms among Indian banks. It operates the popular Money2India overseas remittance service and offers fast IMPS transfers. This guide covers how to send AED to ICICI from the UAE, the SWIFT code, and which providers offer the best rates.

AED to INR:Compare live rates →All providers

Updated June 2026·remit.ae Editorial Team·5 min read

ICICI Bank SWIFT Code

ICICINBB — Use this 8-character SWIFT/BIC code for international wires. Note: For retail remittances via IMPS, providers use account number + IFSC code instead of SWIFT.

Quick answer

Best for ICICI Bank from UAE: Wise (best mid-market AED/INR rate), Remitly (fast Express delivery), or ICICI's own Money2India. ICICI's IMPS transfers arrive within minutes. Always compare rates — Money2India may mark up the exchange rate.

Which UAE Providers Support ICICI Bank?

Provider	Supports Direct Deposit	Delivery Time	Notes
Wise	Yes	Within minutes (IMPS)	Best AED/INR mid-market rate
Remitly	Yes	Minutes (Express)	Competitive, popular choice
WorldRemit	Yes	Within minutes	Good for smaller amounts
Al Ansari Exchange	Yes	Same day / next day	In-branch option
Money2India (ICICI)	Yes (any Indian bank)	1–2 business days	ICICI's own service — compare rate first

Money2India — ICICI's Remittance Service

Money2India is ICICI Bank's dedicated remittance platform for overseas Indians. From the UAE:

Sends to any Indian bank: Not limited to ICICI accounts — can send to SBI, HDFC, Federal Bank, etc.
Multiple payment options: UAE bank transfer, debit/credit card.
Rate transparency: ICICI shows its AED/INR rate upfront — but compare with Wise before confirming.
Transfer limits: Standard AML limits apply. Regular senders may need to verify source of funds.

ICICI Bank NRI Accounts

NRE Savings Account: Repatriable, tax-free interest. Open via iMobile Pay app (ICICI's mobile banking).
NRO Account: For India-sourced income. Taxable in India.
FCNR Deposits: Available in USD, GBP, EUR, AED. Fully repatriable and tax-free in India.
NRI Home Loans: ICICI offers home loan products for NRIs buying property in India.

Frequently Asked Questions

Can I send money from UAE to ICICI Bank?

Yes. Wise, Remitly, WorldRemit, and Al Ansari Exchange all support direct deposits to ICICI Bank India. ICICI also operates its own Money2India service for overseas Indians. You need the recipient's ICICI account number and IFSC code.

What is ICICI Bank SWIFT code?

ICICI Bank's SWIFT/BIC code is ICICINBB. For specific branches, an 11-character variant is used (e.g., ICICINBBXXX). Most remittance providers only require the 8-character base code ICICINBB.

What is Money2India and how does it work from UAE?

Money2India is ICICI Bank's dedicated international remittance service for overseas Indians. UAE residents can register online and send money directly to any Indian bank account (not just ICICI). Transfers are typically credited within 1–2 business days. Compare rates with Wise before using, as Money2India's AED/INR rates may not always be the best.

Compare AED to INR rates now

Live rates from providers supporting direct deposit to ICICI Bank. No paid rankings.

Compare AED to INR →

AED to INR rates Compare all providers Send money UAE to India Wise UAE to India Remitly UAE to India

Rates are indicative. Verify with provider before sending. remit.ae is an independent comparison platform operated by Stack Jewels LLC. We do not transfer money or hold funds. SWIFT codes and service details are for reference — verify with ICICI Bank or your provider before initiating a transfer.