ICICI Bank has launched a unique facility called smsNcash. Under this, one can remit funds from an ICICI Bank account to a person who does not have any Bank account through the mobile channel.
An ICICI Bank Saving Bank customer just needs to register for Mobile Banking and then can specify the beneficary’s mobile phone number (who may or may not be a bank customer) and the amount, subject to maximum of Rs. 10000 per day to a single person.
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