Bank of Baroda, a leading Indian public sector bank, has tied up with UAE Exchange to offer an instant cash transfer facility to NRI customers.
UAE Exchange, a global remittance and foreign exchange company, serves over 7.9 million customers worldwide and currently has over 750 branches across 32 countries.
Following the agreement, customers can send money to their desired bank accounts in Bank of Baroda in India, within minutes.
"We have a long relationship with Bank of Baroda. I am sure that this special tie up will further strengthen this relationship. This service enables our customers to get the money transferred to the desired bank account within minutes. They also get a SMS notification the moment the amount is credited in the bank account," B R Shetty, Managing Director & CEO, UAE Exchange, said.
Bank of Baroda has a network of more than 5,000 branches across Europe, US, Africa, Asia and Australia and in financial centres like New York, London, Dubai, Hong Kong, and Singapore.