Yes Bank has launched -- Yes Remit -- an online remittance platform for non resident Indians (NRIs) in the Gulf countries, United Kingdom and Euro zone. This service will facilitate NRIs to send money into an account with Yes Bank or any other bank account in India. The service will be gradually extended across geographies and currencies, in a phased manner.
The bank will not be charging any transaction charges for the remittances. The service is being offered jointly with TimesofMoney.
Yes Bank, the private sector lender offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.