11 March 2011

Before you send Money to India using money2india

www.money2india.com
Money to India is a service provided by ICICI Bank 
Timeline

  • Transaction was initiated on 2nd of March,
  • Amount debited from our account on 3rd of March
  • Transaction was verified on 5th of March
  • Customer Representative asked to reset password on 7th which took 24 hours to activate
  • 9th No Status or update
  • 10th on calling customer care they asked me to inform the remitter to send them mail and can't disclose the information
  • Today they extended delivery date to 17th March
  • Today they extended delivery date to 23 March 


Continued verification and asked to reset the password on 10th of March
which took more than 24 hours And is still In the process of processing for
 indefinite time ... today is 11th March and counting ...

Do you think you really want to transfer or receive money using un dependable service which has too much delays on top of your regular wire transfer and uncertainty and lack of interest to respond sounding clearly in their voices ?

They Seems to have a standard way of answering "Please ask the remitter to send a mail, and call us we can't disclose the information" Its my account mentioned as beneficiary you dammit, if not brain use your eyes at least.

Their SLA is maximum of five days, what I noticed today is 9 days and counting ? Their standard operating procedure is to put funds on hold for fierce reason which by the way they don't share with you. and hold funds as long as they can ... what you should understand here is they are making fool of many like you so it must be in millions plus their interest, that not only covers the fluctuation of the currencies but also raises their profit levels to significant extent

Hell No I will not recommend Money2India again to any one ever.
Next time ... I would go for Wire transfer free from SBI or some other better provider

Money to India  on Complaints Board 1

http://www.complaintsboard.com/complaints/icici-bank-money2india-c409609.html
Money to India on Complaints Board 2
http://www.complaintsboard.com/complaints/icici-bank--money2india-c12284.html
Money to India Comments and Complaints on Latest News tips
http://www.newlatesttips.info/index.php/archive/money2india-transfer-money-to-india-icici-bank-money2india-secure-your-online-money-transfer-experience-icici-money2india-review-money2india-e-money-transfer-best-way-to-transfer-money/comment-page-1/#comment-76495

Review of Money2India service to transfer money to india on mouthshut since 2007

http://www.mouthshut.com/product-reviews/Money2india.com-925054186
Complaints Board user comments on money to india using money2india
http://www.consumercourt.in/other-banking-services/34524-icici-money2india-fraud.html
http://www.complaintsboard.com/complaints/icici-nri-banking--money2india-c31227.html
Money to India in r2iclub with respect to money to India 

http://www.r2iclubforums.com/forums/showthread.php/22665-ICICI-money2india-not-working-%28for-certain-towns%29-since-12-25?s=66d3dc9f7962955da3d557c2a4d1a8d2&p=360495#post360495

  My Blog on problems faced with respect to money2india service Money to India 
http://vasundhar.blogspot.com
Money to India regular complaints on google 
http://www.bing.com/search?q=complain%20rbi%20about%20money2india&pc=conduit&form=CONBDF&ptag=A1ABE2870D3204E8590F&conlogo=CT2776585
Alternate solutions for money transfer to India 

http://www.sbical.com/moneyTransfer.asp
http://www.westernunion.com/
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2 comments:

- said...

How do I get out of the same problem ?? any insights ??

vasundhar said...

When did you send/receive ?
what was the duration ?

There is this cell called NRI cell ask the remitter to call with reference number and follow up.

You keep sending mails tweet and make sure your voice is heard.

Hope your problem will be solved soon with ICICI Money 2 India