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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.