Karur Vysya Bank (KVB), one of the leading private banks in India, has partnered with Lulu International Exchange, Abu Dhabi and GCC Exchange House, Dubai for speed remittance arrangement whereby the proceeds will be credited to the beneficiaries account electronically on the same day itself. The bank has the capability to credit the proceeds to the beneficiaries’ accounts with other banks in India, through the NEFT mode.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
