Wednesday, 1 January 2025

Status of your SR1024235256

Dear Customer,

Your request for reversal of charges has been completed and INR 6.01 has been credited to your ICICI Bank Account XX518 on 01-JAN-25.

Sincerely,
Team ICICI Bank
This is an auto generated mail. Please do not reply to the same.

Payment received on your ICICI Bank Credit Card.

 
Dear Customer, Jan 01,2025
   
Greetings from ICICI Bank!

We have received payment of INR 43,065.51 on your ICICI Bank Credit Card account 6528 XXXX XXXX 7015 on 01-Jan-2025.

Looking forward to more opportunities to be of service to you.

Thank you.

Sincerely,
ICICI Bank Credit Cards Team.
This is a system generated mail. Please do not reply to this e-mail ID.

Discover a new way of paying your Credit Card bills from your bank account anytime anywhere by using ICICI Bank iMobile. GPRS users, SMS iMobile to 56767661. For details, please click here .
 
 
The information provided herein regarding products, services/offers, benefits etc. of ICICI Bank are governed by their detailed terms and conditions, internal policy guidelines as specified by ICICI Bank from time to time and are subject to applicable laws and regulations.The information provided herein above does not amount to an offer or sponsor or advice as regards any products or services of ICICI Bank or any of its group companies and is not intended to create any rights or obligations. Any reference to service levels in this document are indicative and should not be construed to refer to any commitment by ICICI Bank and are subject to change at any time at the sole discretion of ICICI Bank or its group companies as it case maybe. The use of any information set out herein is entirely at the recipient's own risk and discretion. The "ICICI Bank" and "i-man" logos are trade mark and property of ICICI Bank Ltd. Misuse of any intellectual property or any other content displayed herein is strictly prohibited. Images used herein are for the purposes of illustration only.
 
Now banking is more convenient with:
More than 2500
ICICI Bank Branches
24x7 ATM Services ICICI Bank
Customer Care
ICICI Bank
Internet Banking
iMobile Banking Services
CONFIDENTIALITY INFORMATION AND DISCLAIMER
This e-mail message and its attachments may contain confidential, proprietary or legally privileged information and is intended solely for the use of the individual or entity to whom it is addressed. If you have erroneously received this message, please delete it immediately and notify the sender. If you are not the intended recipient of the e-mail message you should not disseminate, distribute or copy this e-mail. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, incomplete or contain viruses and the ICICI Bank accepts no liability for any damage caused by the limitations of the e-mail transmission.
 

Payment received on your ICICI Bank Credit Card.

 
Dear Customer, Jan 01,2025
   
Greetings from ICICI Bank!

We have received payment of INR 43,065.51 on your ICICI Bank Credit Card account 6528 XXXX XXXX 7015 on 01-Jan-2025.

Looking forward to more opportunities to be of service to you.

Thank you.

Sincerely,
ICICI Bank Credit Cards Team.
This is a system generated mail. Please do not reply to this e-mail ID.

Discover a new way of paying your Credit Card bills from your bank account anytime anywhere by using ICICI Bank iMobile. GPRS users, SMS iMobile to 56767661. For details, please click here .
 
 
The information provided herein regarding products, services/offers, benefits etc. of ICICI Bank are governed by their detailed terms and conditions, internal policy guidelines as specified by ICICI Bank from time to time and are subject to applicable laws and regulations.The information provided herein above does not amount to an offer or sponsor or advice as regards any products or services of ICICI Bank or any of its group companies and is not intended to create any rights or obligations. Any reference to service levels in this document are indicative and should not be construed to refer to any commitment by ICICI Bank and are subject to change at any time at the sole discretion of ICICI Bank or its group companies as it case maybe. The use of any information set out herein is entirely at the recipient's own risk and discretion. The "ICICI Bank" and "i-man" ! logos are trade mark and property of ICICI Bank Ltd. Misuse of any intellectual property or any other content displayed herein is strictly prohibited. Images used herein are for the purposes of illustration only.
 
Now banking is more convenient with:
More than 2500
ICICI Bank Branches
24x7 ATM Services ICICI Bank
Customer Care
ICICI Bank
Internet Banking
iMobile Banking Services
CONFIDENTIALITY INFORMATION AND DISCLAIMER
This e-mail message and its attachments may contain confidential, proprietary or legally privileged information and is intended solely for the use of the individual or entity to whom it is addressed. If you have erroneously received this message, please delete it immediately and notify the sender. If you are not the intended recipient of the e-mail message you should not disseminate, distribute or copy this e-mail. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, incomplete or contain viruses and the ICICI Bank accepts no liability for any damage caused by the limitations of the e-mail transmission.
 

Settlement of Trade Transactions in Indian Rupees (INR)

 
ICICI Bank
 
Dear Customer,

As per the Reserve Bank of India (RBI) guidelines, receipt and payment in INR from a bank situated in any country other than a member country of the Asian Clearing Union is permissible.

The RBI has permitted an additional arrangement for invoicing, payment and settlement of exports and imports in INR through the ‘Special Rupee Vostro’ Accounts.

Frequently Asked Questions on the settlement of Trade Transactions in INR through the Vostro Accounts.

What is a Rupee Vostro Account?
It is an account opened by the Authorised Dealer (AD) banks in India for their overseas branches or correspondent banks for settlement of trade transactions in INR.
It is an existing arrangement for settlement of cross-border trade transactions in INR permitted by RBI. It is governed by the RBI Master Direction - Risk Management and Inter-Bank Dealings.

What is a ‘Special Rupee Vostro Account’?
A Special Rupee Vostro Account is an account of the correspondent bank/s of the partner trading country opened by AD banks in India for settlement of trade transactions in INR. As per the RBI Circular, dated Jul 11, 2022 on ‘International Trade Settlement in Indian Rupees’ it is an additional arrangement. Opening of Special Rupee Vostro Accounts will require prior permission of RBI.

Who bears the Foreign Exchange (FX) risk for transactions denominated in INR?
The exchange currency between an Indian importer and Indian exporter is INR and the FX risk is always borne by the overseas counter party. The exchange rate between the currencies of the two trading partner countries is market determined.
However, Non-residents can hedge the currency with Indian banks to reduce their FX risk for transactions settled through the Rupee Vostro Account.

How does the settlement of funds take place under the existing Rupee Vostro Account?
Any credit to a Vostro Account is initiated only after confirming the repatriable nature of the transaction. Transfer of funds between the accounts of the same bank or different banks is freely permitted. Balances held in Rupee accounts of non-resident banks may be freely converted into foreign currency.

What are the steps for an Indian exporter/importer for doing trade transactions in INR?

Steps:
1.Approach your counter parties to accept invoicing in INR
2.Check for the name of the bank of the counter party
3.Check with your account manager/corporate ecosystem branch/trade desk for availability of a Vostro Account in ICICI Bank for the bank of the counter party
4.In case there is an existing Vostro Account at ICICI Bank, finalise the contract in INR and submit documents to the Bank as done currently
5.In case there is no Vostro Account for the counter party’s bank at ICICI Bank, pursue your counter party to engage with their bankers abroad for opening a Vostro Account with ICICI Bank subject to appropriate approvals and documentation execution as per the policy of both the banks and the prevailing country regulations.
 
What are the key differences in a traditional ‘Vostro Account’ and ‘Special Rupee Vostro’ Account?
 
ScenarioVostro accountSpecial Vostro account
Opening of accountWithout prior reference to the RBIWith prior approval from the Foreign Exchange Department of RBI
Advance against exportsFreely permittedPermitted with additional checks and due diligence
 
What are the documents required for settlement of trade transactions through Special Vostro Accounts?
The export and import undertaken and settled in this manner shall be subject to usual documentation as applicable for the settlement of trade transactions.

For further information, contact your Account Manager/Corporate Ecosystem Branch/Trade Desk enabled Branches.
 
To know more, call on
1800-1080
 
Sincerely,
Team ICICI Bank
 
 
 
 
This is a system generated e-mail. Please do not reply.
T&Cs ❘ Disclaimer
 
 

Out For Delivery: Your ICICI Bank Card- status

Dear Customer,

The Card- ATM / Debit Upgrade for ICICI Bank Account XX3518 is out for delivery today by Blue Dart Courier, AWB 34146461941.

To track status, visit http://icici.co/DUvfZIqR5ZE or log in to iMobile Pay > Services > Check Status.

Sincerely,

Team ICICI Bank

This is a system generated e-mail. Please do not reply.

Status of your SR1024235101

Dear Customer,

Your request for reversal of charges has been registered vide SR1024235101 on 01-JAN-25. It will be completed within 1 working day.

Sincerely,
Team ICICI Bank

This is an auto generated e-mail. Please do not reply to the same.

Status of your SR1024235256

Dear Customer,

Your request for reversal of charges has been registered vide SR1024235256 on 01-JAN-25. It will be completed within 1 working day.

Sincerely,
Team ICICI Bank

This is an auto generated e-mail. Please do not reply to the same.

Bill for your Airtel Wi-Fi 063125636614_wifi - November'26

Download App:   ...