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Question

Which private sector bank has launched foreign outward remittance service through mobile banking, after this Non-resident external and resident savings bank account holders can make foreign outward remittance through the bank’s app?

A ICICI Bank Correct Answer Incorrect Answer
B Axis Bank Correct Answer Incorrect Answer
C South Indian Bank Correct Answer Incorrect Answer
D HDFC Bank Correct Answer Incorrect Answer
E Yes Bank Correct Answer Incorrect Answer

Solution

App-based foreign outward remittance- South Indian Bank has launched foreign outward remittance service through mobile banking. Non-resident external (NRE) and resident savings bank account holders can make foreign outward remittance through the bank’s ‘SIB Mirror+’ mobile banking application. The service is also available on its Internet banking platform ‘SIBERNET’. Customers can transfer foreign currency abroad without visiting the bank’s branch.

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