Indian ICICI Bank Account Seized if Transaction more then 4 times - Strange
2015-04-03, 11:23 PM,
#1
Today i was talked with ICICI Bank Manager about international debit card he said i will get international debit card and lso will use well but the problem is if i transaction more then 4 time each month then my account will be seized and i have to give every detail to RBI about every transaction then it will be unblock, btw i talked with two diffrent branch and got same ans dont know what to do what you says about it guys?
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2015-04-04, 11:48 AM, (This post was last modified: 2015-04-04, 11:49 AM by ★★★ BotMan ★★★.)
#2
Depends about what amount of money are you talking about.
And what we can say if banks in your country have such rules ?
Also I'm more than sure most of readers have no idea what is ICICI and RBI :D
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2015-04-04, 12:01 PM,
#3
Get yourself a payoneer.
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2015-04-04, 12:31 PM,
#4
I can not find the information anywhere online that the limit is 4 times per month.What you can do is just use the card and give information about the transactions(not completely though).RBI and Indian banks get suspicious when international transactions happen because of FEMA .

Moreover Payoneer has resumed its services in India but they are not providing Payoneer Card.You should check that as well
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2015-04-04, 04:48 PM, (This post was last modified: 2015-04-04, 05:20 PM by Riddik.)
#5
(2015-04-04, 12:31 PM)bigbang007 Wrote: I can not find the information anywhere online that the limit is 4 times per month.What you can do is just use the card and give information about the transactions(not completely though).RBI and Indian banks get suspicious when international transactions happen because of FEMA .

Moreover Payoneer has resumed its services in India but they are not providing Payoneer Card.You should check that as well

talked with Axis today got same ans as ICICI, we cant business transaction in saving account.

well they also said that we can use it till then we caught and if we caught then we have to do a legal process as i mention on post.
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2015-04-04, 04:54 PM,
#6
get a ICICI prepaid CC u can use it without restrictions
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2015-04-04, 04:54 PM,
#7
how much that amount transfered / or transaction
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2015-04-04, 05:03 PM,
#8
(2015-04-04, 04:54 PM)purnaj Wrote: get a ICICI prepaid CC u can use it without restrictions

they didnt say anything about that they only said that i need a current account for this type of international transaction.

(2015-04-04, 04:54 PM)catherine Wrote: how much that amount transfered / or transaction

they only says more then 4 time didnt tell me how much and how many.
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2015-04-04, 05:07 PM, (This post was last modified: 2015-04-04, 05:08 PM by purnaj.)
#9
(2015-04-04, 05:03 PM)Riddik Wrote:
(2015-04-04, 04:54 PM)purnaj Wrote: get a ICICI prepaid CC u can use it without restrictions

they didnt say anything about that they only said that i need a current account for this type of international transaction.

(2015-04-04, 04:54 PM)catherine Wrote: how much that amount transfered / or transaction

they only says more then 4 time didnt tell me how much and how many.

my bro already using their prepaid CC to send international payments using from last 1 year and also he using from SB account only
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2015-04-04, 05:21 PM,
#10
(2015-04-04, 05:07 PM)purnaj Wrote:
(2015-04-04, 05:03 PM)Riddik Wrote:
(2015-04-04, 04:54 PM)purnaj Wrote: get a ICICI prepaid CC u can use it without restrictions

they didnt say anything about that they only said that i need a current account for this type of international transaction.

(2015-04-04, 04:54 PM)catherine Wrote: how much that amount transfered / or transaction

they only says more then 4 time didnt tell me how much and how many.

my bro already using their prepaid CC to send international payments using from last 1 year and also he using from SB account only

as i said before what they said we can use it till then we caught.
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