Centurion Bank launches 'SmartRemit-Gulf'
Centurion Bank of Punjab (CBoP) today launched a 'SmartRemit - Gulf', a service to help NRI clients based in UAE to remit funds to their accounts with the Bank.
For this, the bank has entered into a Remittance Agreement with exchange houses in the UAE such as UAE Exchange Centre LLC and Alukkas Exchange.
It facilitates NRI clients of CBoP to remit funds from any branch of these exchange houses based anywhere in the UAE to their accounts with any branch of CBoP across India within one working day, said a company statement.
Additionally, NRIs could also utilise this channel to remit funds to the accounts of their family members maintained with any branch of CBoP across India.
They can even remit funds through this mode, for placing under NRE / FCNR Deposits with the bank, statement said.