- Vested Finance is the entity that enables Indians to invest in foreign stocks and SBM Bank is the Indian subsidiary of the State Bank of Mauritius.
- They have partnered to launch ‘Vested Direct’ which is a solution to provide forex transfers at affordable prices.
- Using ‘Vested Direct’ the investors will be able to open free of cost, no minimum balance saving account with SBM Bank funds.
- After opening an account, the investors can send their funds in Indian rupees to their SBM account, and then they will place a request to move money to their US brokerage account.
- Then the money will be converted to dollars and will be transferred to Vested accounts. The entire process will take place at affordable prices.
- Static Part:
- HQ of Vested Finance: California, US
Question:
Q.1 With which bank has Vested Finance partnered to launch ‘Vested Direct’ which is a solution to provide forex transfers at affordable prices?
a. ICICI Bank
b. HDFC Bank
c. SBM Bank
d. Federal Bank
a. ICICI Bank
b. HDFC Bank
c. SBM Bank
d. Federal Bank
