introducing icici bank as a new option for student payments … fees from... · 2018-09-17 ·...
TRANSCRIPT
PROCESSING STUDENT PAYMENTS FROM INDIA
Introducing ICICI Bank as a new option for Student Payments from India!
Western Union Business Solutions has partnered with ICICI Bank, India’s largest private sector bank, to facilitate student payments originating from India via ICICI’s 4,687 branches.
This option is available to both ICICI and non-ICICI Bank account holders.
Paying fees from
Services breakdown ?
A. Tuition Fees ?
+ Add note
India
^
Include
10000
4
Include
0
B. OSHC ?
Total 10,000.00 AUD
AUD
AUD
Get a quote
Payment Instructions for StudentsStep 1Using the WU® GlobalPay for Students platform, the student or the payer selects the Paying fees from country as India, and then enters the payment amount in AUD. A quote from ICICI Bank will be displayed in Indian rupees.
Step 2The payer selects the Bank Transfer, Operated by ICICI Bank.1
7,497.00 USD
10,000.00 AUD
Select
Takes 2-3 days on average upon payment
Make your payment from any bank
Includes 0 USD bank fee
Quote valid for 72 hours
+ How it works
Bank Transfer
Choose a way to pay
Payment Details Edit
527,746.00 INR
10,000.00 AUD
Select
Takes 3-4 days on average upon payment
Make your payment from any bank to ICICI
Operated by
+ How it works
Bank Transfer
1 Payment processing takes 3-4 business days on average upon payment.
Step 3The payer enters the Student’s and Payer’s Details.
Student’s Details
Payment Details Edit
Sample University
will receive 10,000.00 AUD
You are paying 527,746.00 INR
123456
John
Smith
06/07/1999
03 9282 0333
0000 000 000
Next
This is to identify the correct student details
Student ID *
Given Name *
Family Name *
Date of Birth *
(DD/MM/YYYY)
Email Address *
Address
Telephone
Next you will be asked for the payer’s details
1234567890
Lakshmi
Patel
15/03/2000
Mumbai
+91XXXXXXXXXXXXXXXXX
Payer’s Details
We require this information to process payment
Who will be making this payment?
Student
Someone else
Lakshmi Patel
XXXXXXXXX
Mumbai
India ^
Payer’s personal details
Payer name *
City*
Payer’s email address *
This is to send confirmation of this payment
Payer’s billing address
Payer’s address 1 *
Country*
Payment Details Edit
Sample University
will receive 10,000.00 AUD
You are paying 527,746.00 INR
Step 4The student and the payer receive an email with the payment instructions and the retail outward remittance (A2) application forms. Due to new Indian regulations, the Indian Government and the Reserve Bank of India now require an LRS Declaration form A2 (“A2 Remittance Form”) to transfer funds abroad. This form is to be completed and presented with a proof of ID and PAN card at a local ICICI Bank Branch.
Make payment
Payment Details
Your reference EAUXXXXX-XXXXXXXXX
Your University
will receive 10,000.00 AUD
You are paying 527,746.00 INR
Please print payment instructions and contact your financial institution (online, phone or in-person).
Please initiate your payment as soon as possible.
Ensure funds are received by (12:56pm on 01/09/2018) so we can credit funds to your institution on time and in full.
To ensure that your institution receives your funds, the Reference Number EAUXXXXX-XXXXXXXXX must be included in your payment.
Note: Payments made to our bank account can only be received by bank transfer. Cheque or cash deposits will not be accepted and will be returned to the sender. Funds received after the (72) hour cut off may be subject to a new rate. Custom House Financial (UK) Limited conducts business under the trading name Western Union Business Solutions. This bank account is used to receive payments on behalf of your institution.
Print Instructions
Return to your University
Note: Your unique Reference Number, is displayed on your Payment Instructions under Section VI.
To fill in the A2 Remittance Form: Some information has been pre-populated for your convenience. Below are the items which are to be completed by the person making the INR payment (the “Remitter”, note that this is the person making the payment and may be different to the student). It is important that all items below are completed in full to ensure efficient processing of your payment.
Section I: The remitter fills in their name, address and phone number.
Section II.b: Fill in the designated amount of INR shown on the attached instructions in words. Ensure that the amount populated in numbers as well.
Section III: ICICI account holders only - The remitter provides the ICICI INR account number to be debited for the payment. (Non-ICICI account holders see item 4 below)
Section V: Provide the Student Name, Student ID and Country of Study Abroad.
Section VI: Please ensure that the ICICI representative includes the displayed reference number with the wire payment.
Signature: The remitter signs and dates the Outward Remittance Request at the end of the declaration on page 3.
Note: Section IV Because you are making your payment via Western Union Business Solutions to the receiving Education Institution, please specify “Western Union Business Solutions” as the “Beneficiary”. Western Union Business Solutions will deliver the payment to the receiving Education Institution in Australia in AUD.
Note: Non-ICICI account holders must transfer funds locally from their respective bank accounts to ICICI Bank pool account through NEFT/RTGS as per the details mentioned below:
• Beneficiary Name: Outward Remittance Pool Account• Account Number: 0035SLORCBPC• IFSC Code: ICIC0000035
The Remitter has to do the fund transfer before visiting/submitting the documents in ICICI Bank Branch.
Need Help?
If you have questions relating to this information, contact Western Union Business Solutions.
Student services and support:
Email: [email protected]* Tel: +61 2 8585 7999**
*Please include student’s full name, student ID, and university name in the subject line of the email.
** Business hours are Australian Eastern Time.
© 2018 Western Union Holdings Inc. All rights reserved.
This User Guide has been prepared solely for informational purposes and does not in any way create any binding obligations on any person Western Union Business Solutions accepts payments and provides foreign exchange services on behalf of its educational institution clients and not as a payment service provider for student payors.
Western Union Business Solutions (“WUBS”) is a business unit of the Western Union group of companies and operates through local affiliates in a number of countries around the world. For a full list of WUBS local licensing and other information, please visit www.business.westernunion.com/wubsglobaldisclaimers/.
The WESTERN UNION name, logo, trade name, trade dress and related trademarks and service marks, owned by Western Union Holdings, Inc., are registered and/or used in the U.S. and many foreign countries. This material is proprietary to Western Union and cannot be used, reproduced, copied, displayed, distributed or used to prepare derivative works without the prior written consent of Western Union, displayed, distributed or used to prepare derivative works without the prior written consent of Western Union.
IV. Beneficiary Name
IV a. Beneficiary Address
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S O L U T I O N S
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