- 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:
a. IDBI Bank
b. Karur Vysya Bank
c. South Indian Bank
d. City Union Bank