Federal Bank has partnered with Oman UAE Exchange to launch a realtime account credit facility FLASHremit in India. FLASHremit enables NRI customers residing in Oman to transfer money directly to their beneficiaries having account with Federal Bank in India. The advantage of this instant money transfer service is that the moment the account is credited, both the sender and the beneficiary receive SMS notification, thus minimizing the follow-ups and travel time to bank or exchange house. Antu Joseph, GM, Business & Products of the bank, said the partnership facilitated providing instant fund transfer facility to NRIs in Oman.
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