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Under this arrangement, 'India Remit' will enable IDBI Bank's customers in UK to directly transfer money online to any IDBI Bank in India. With this alliance IDBI Bank can offer a seamless, secure and quick money transfer service to its customers wherein they can directly transfer money from their bank account to the receivers account in India.
Speaking about this alliance, Mr. Avijit Nanda, President, TimesofMoney said "It is our constant endeavor to offer seamless & secure end-to-end online money transfer solutions to IDBI Bank's customers. This tie-up strengthens our relationship with the bank as it marks yet another step to extend our convenient & secure money transfer solutions to the bank's customers in UK & USA".
Commenting on this alliance, Mr. O.V. Bundellu, Deputy Managing Director IDBI Bank said, "IDBI Bank is keen on providing its esteemed customers state of the art solution for their service needs. The tie-up with TimesofMoney is a significant step in this direction. The service will enable NRIs based in UK & USA to use the IDBI Bank's network and enjoy benefits of account-to-account transfer to remit money online to beneficiary's bank account held with any branch of any bank in India. The remittance service is extremely user friendly, and can be effected in fully secured manner from the comforts of home.
To see more of The Economic Times, or to subscribe to the newspaper, go to http://economictimes.indiatimes.com Copyright (c) 2009, The Economic Times, India Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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