Yes Bank has launched an online remittance platform for non resident Indians, called 'Yes Remit'. The service will cater to NRIs in the Gulf countries, United Kingdom and Euro zone.
The facility allows NRIs to send money into an account with Yes Bank or any other bank account in India. The service will be gradually extended across geographies and currencies, in a phased manner, said a press release issued by the bank.
Yes Bank is not charging any transaction charges for the remittances, the release added. The service is being offered jointly with TimesofMoney.
Commenting on the service Pralay Mondal, Senior Group President, Retail and Business Banking, Yes Bank, 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 NRIs."
