Yes Bank, India’s fourth largest private sector bank, has now extended ‘YES Remit Money Transfer’ service for the Global Indians based in Singapore. This facility empowers NRIs to send money into Yes Bank account or any other bank account in India.
As a differentiated proposition, the bank is offering best in class exchange rates with NIL transaction charges on all the remittances. The YES Remit service was launched in December, 2012 and is also available for, UK, Euro Zone, UAE and Australia.
Yes Bank was the first bank to offer interest rate of 7% per annum for Resident as well as Non-Resident Indians (NRE/NRO) on Savings accounts for balances of Rs 1 lakh & above; 6% per annum for balances below Rs. 1 lakh, post the savings rate deregulation by the Reserve Bank of India.
