Topic: Interested in buying selling BTC for GBP/INR London <-> India (Read 3060 times)

ICICI bank internationa funds transfer form - terms and conditions

Terms & Conditions

    I agree that the exchange rate will be applicable at the time of deal booking and may vary from the rate prevailing when the request is submitted.
    I understand that the rate communicated to us (if any) is an indicative rate and the actual rate may be different from the same.
    I understand that submission of request does not necessarily imply processing of the transaction. ICICI Bank has full rights to reject the transaction based on regulatory and internal guidelines.
    The limit submitted is correct and has not been exhausted in current Financial Year including this request for any of the accounts held by me individually or collectively with any bank.
    I authorize you to debit my Savings Bank Account together with your charges and effect the foreign exchange remittance directly.
    I understand that on submitting the request if service request number is not displayed then I should check if the email confirmation is received for successful submission of the request and should check if the debit is posted in the account. I understand any re-initiation without confirming will result into duplicate debit into my account.
    I understand for the same day processing the request should be raised before 1400 hrs IST.
    I understand above cut off is applicable on working days. (Presently Monday to Friday excluding Bank Holidays in India and the country of remittance).
    I understand that the request once placed will not be cancelled.
    I understand this facility is only for Telegraphic Transfer/Wire transfer.
    I confirm that I am not a foreign national.
    I understand that the ICICI bank is not liable in case funds are not credited or credited with the delay for any reason at beneficiary bank/intermediary bank's end
    In case of any query or suggestion kindly contact our Customer Service Desk.



Financial limits and declarations:
     	I/We hereby declare that-
  	

    The total amount of foreign exchange purchased from or remitted through, all sources in India during this financial year including this application is within USD 25000 (USD Twenty Five Thousand Only) the limit prescribed by Reserve Bank of India for the said purpose under FEMA, 1999.
    Foreign exchange purchased from you is for the purpose mentioned in this application.
    The transaction, the details of which are specifically mentioned in the application, does not cross the limit for the financial year or any other limit prescribed by RBI under FEMA, 1999 for the said purpose.

  	Declaration on Prohibited Transactions:
     	I/We hereby declare that the transaction mentioned above does not involve, and is not designed for any purpose for which the drawal of foreign exchange is prohibited under Rule 3 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 read with Schedule I thereof viz,
  	

    I confirm that I am not a foreign national.
    Travel to Nepal and/or Bhutan
    A transaction with a person resident in Nepal or Bhutan.
    Remittance out of lottery winnings.
    Remittance of income from racing/riding etc. or any other hobby
    Remittance for purchase of lottery tickets, banned/proscribed magazines, football pools, sweepstakes, schemes involving money circulation, securing prize money/ awards etc.
    Payment of commission on exports made towards equity investment in Joint Ventures/Wholly Owned Subsidiaries abroad of Indian companies.
    Remittance of dividend by any company to which the requirement of dividend balancing is applicable.
    Payment of commission on exports under Rupee State Credit Route except commission up to 10% of invoice value of exports of tea and tobacco.
    Payment related to "Callback services" of telephones.
    Remittance of interest income on funds held in Non-Resident Special Rupee Account Scheme.

  	
     	I/We, being a person resident in India, hereby declare that for transaction done under the Liberalized Remittance Scheme for resident individual, issued and amended by Reserve Bank from time to time, is not in the nature of remittance for margins or margin calls to overseas exchanges/ overseas counter party under the scheme
  	

  	
     	Updated list of prohibited transactions under foreign exchange management act can be accessed on ICICI Bank website (www.icicibank.com)
  	

  	
     	Other relevant declarations:
  	

    I/We hereby declare that the purpose and transaction details as mentioned above are true to the best of my knowledge and does not involve, and is not designed for the purpose of any contravention or evasion of the provisions of the FEMA, 1999 or any rule, regulation, notification, direction or order made there under. I/We agree that I/We shall be responsible and liable for any incorrect detail provided by me/us.
    I/We also hereby agree and undertake to give such information/documents as will reasonably satisfy you about this transaction in terms of the above declaration.
    I/We agree that in the event the transaction could not be executed/ debited to my/our account after submitting the request for processing to the bank on account of insufficient/ unclear balance at the time of execution of the transaction in my/our account, any exchange losses incurred in this connection due to reversal of forex deal can be charged to my/our ICICI Bank account.
    I/We agree that in the event the transaction is cancelled or revoked by me/us after submitting the request for processing to the bank, any exchange losses incurred in this connection can be charged to my/our ICICI Bank account. I /We further agree that once the funds remitted by me/us have been transmitted by ICICI Bank to the correspondent and/or beneficiary banks, ICICI Bank shall not be responsible for any delays in the disbursement of such funds including the withholding of such funds by the correspondent and/or beneficiary banks.
    I/We agree that in the event the transaction being rejected by the beneficiary bank because of incorrect information submitted by me, any charges levied by the beneficiary bank or exchange losses incurred in this connection can be charged to my ICICI Bank account.
    I/We also understand that if I/We refuse to comply with any such requirement or make only unsatisfactory compliance therewith, ICICI Bank shall refuse in writing to undertake the transaction and shall, if it has reason to believe that any contravention/evasion is contemplated by me/us, report that matter to the RBI.