South Indian Bank has entered into a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate. The arrangement enables faster, hassle-free remittances through internet at the best exchange rates. NAB will be South Indian Bank’s main banking correspondent in Australia.
As the exchange rate is decided by South Indian Bank, NRI customers in Australia would get the best possible rates. The remitted money can be either converted into Indian rupee or maintained in Australian dollar.
South Indian Bank is also having tie-ups with leading banks and exchange houses in the USA, Europe, and Asia.
