New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    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.

    Practice Next