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?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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