Current Affairs PDF

In a first, ICICI Bank Launched ‘InstaFX’ App for Forex Partners to Help Customers Obtain Forex Prepaid Card 

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

ICICI Bank launches ‘InstaFX’ mobile app for forex partnersOn January 20, 2021 ICICI Bank launched a mobile app, ‘InstaFX’ that allows authorised money changers, who are the partners of the bank to help customers of any bank to obtain ‘ICICI Bank Forex Prepaid Card’ quickly.  Through this app, the forex partners can complete the Know Your Customer(KYC) verification & validation of customers digitally and on a real-time basis.

  • ICICI Bank becomes the 1st bank in India to offer such facility to money changer.
  • ‘ICICI Bank Forex Prepaid Card’ gets activated swiftly within a few hours, as against the industry practice of upto two-days.

Key Features of ‘InstaFX’: 

i.It allows money changers to verify the customer’s Permanent Account Number (PAN) from National Securities Depository Limited(NSDL) immediately.

ii.Money changers can verify the passport of the customer instantly through the Machine Readable Zone(MRZ) code and also verify the captured live photo.


The ‘ICICI Bank Forex Prepaid Card’ can be availed from the partner money changer outlets in cities or at airports across the country.

Recent Related News:

On December 7, 2020, ICICI (Industrial Credit and Investment Corporation of India) Bank launched “iMobile Pay” app offering payments and banking services for all i.e. customers of any bank can use this app.Bank claims that, iMobilePay is 1st of its kind app.

About ICICI Bank:

  • It was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry.
  • It’s consolidated total assets stood at Rs 14,76,014 crore at September 30, 2020.

Headquarters– Mumbai, Maharashtra
Managing Director (MD) and Chief Executive Officer(CEO)– Sandeep Bakhshi
Tagline– Hum Hai Na, Khayal Apka