MUMBAI, September 10, 2014 /PRNewswire/ --
YES Remit services are offered across UK, Eurozone, U.A.E, Australia and now in Singapore
YES BANK, India's fourth largest private sector Bank, has now extended YES Remit Money Transfer service for the Global Indians based in Singapore. This facility empowers NRIs to send money into a YES BANK account or any other bank account in India. As a differentiated proposition, YES BANK is offering best in class exchange rates with NIL transaction charges on all the remittances. The YES Remit service was launched in December, 2012 and is also available for, UK, Eurozone, U.A.E. and Australia.
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Commenting on the offering Mr. Pralay Mondal, Senior Group President, Retail and Business Banking, said, "While augmenting our focus on YES BANK's Global Indian Banking (NRI business), we realized that seamless transfer of money back home was one of the biggest challenge for NRI's based in Singapore. YES Remit will now enable NRIs to transfer money back to India within the comfort of their home or office while enjoying best in class exchange rates and NIL transaction charges. YES BANK is fully committed to offer a superior and seamless Remittance facility to NRIs globally."
Quick Facts of YES Remit
YES BANK was the first Bank to offer Interest rate of 7%p.a* for Resident as well as Non-Resident Indians (NRE/NRO) on Savings accounts for balances of Rs. 1 lakh & above; 6% p.a.* for balances below Rs. 1 lakh, post the savings rate deregulation by the Reserve Bank of India
ABOUT YES BANK
YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and commercial banking clients. YES BANK is steadily evolving its HR character as the Professionals' Bank of India, with the unrelenting vision of "Building the Best Quality Bank of the World in India" by 2020.
For further information, please contact:
Krunal A Mehta
Ph: +91-9867163634
Email: krunal.mehta@yesbank.in
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