Indian private sector lender Yes Bank has now extended its remittance service for the global Indians based in Singapore.
The service enables non-resident Indian (NRI) transfer money into a Yes Bank account or any other bank account in India.
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The bank said that it is offering best in class exchange rates with nil transaction charges on all the remittances as a differentiated proposition.
Commenting on the offering Pralay Mondal, senior group president of retail and business banking, said: "While augmenting our focus on Yes Bank’s Global Indian Banking (NRI business), we realized that seamless transfer of money back home was one of the biggest challenge for NRI’s based in Singapore.
"YES Remit will now enable NRIs to transfer money back to India within the comfort of their home or office while enjoying best in class exchange rates and NIL transaction charges. YES BANK is fully committed to offer a superior and seamless Remittance facility to NRIs globally."
The YES Remit service was launched in December, 2012 and is also available for, UK, Eurozone, UAE and Australia.
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