- The services were launched to enhance ‘remittances to’ and ‘remittances from´ abroad.
- The SIB has allowed online outward remittances via Net Banking and inward remittances via NPCI’s UPI mode.
- It will grant a safe and secure remittance experience to its valuable customers.
- The bank’s Internet Banking platform named ‘SIBerNet’ will be used to perform online outward remittance facilitates i.e. Foreign Outward Remittance.
- Indians will be able to perform Online Foreign Outward Remittances through SiberNet in more than 100 currencies across the globe.
- SIB has launched ‘SIB Express’ for the inward remittance service which will allow cross-border inward remittances under the Rupee Drawing Arrangement.
- Static Part:
- HQ of SIB: Thrissur, Kerala
Question:
Q.1 In Feb 2022, which bank launched two new services to enable ‘remittances to’ and ‘remittances from´ abroad for its customers?
a. IDBI Bank
b. Karur Vysya Bank
c. South Indian Bank
d. City Union Bank
a. IDBI Bank
b. Karur Vysya Bank
c. South Indian Bank
d. City Union Bank
