South Indian Bank has tied up with National Australian Bank (NAB) for online inward remittances from Australia. The tie-up faciltiates faster, hassle-free remittances through internet at the best exchange rates. NAB will be South Indian Bank’s main banking correspondent in Australia. K.N. Reghunathan, executive vice president (Treasury) of the bank, said as the exchange rate is decided by South Indian Bank, NRI customers in Australia would get the best possible rates. The remitted money can be either converted into Indian Rupee or maintained in Australian Dollar.The bank also has tie-ups with banks and exchange houses in the USA, Europe, and Asia.
Click to comment
