22 June 2016 Current Affairs: South India Bank has announced the launch of its Remit2India Service.
It is a secure online money transfer service for NRIs.
The new arrangement facilitates faster, cost -effective remittance from the US to SIB accounts in India.
Currently, south Indian Bank’s facilitity is available for remmittance from Europe, Australia, UAE and Singapore.
South Indian Bank Limited : South Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur City in Kerala, India. South Indian Bank has 834 branches, 4 service branches,42 ext.counters and 20 Regional Offices spread across more than 27 states and 3 union territories in India. It has set up 1290 ATMs and 4 Bulk Note Acceptor/Cash Deposit Machines all over India.