Yes Bank enters into collaboration with three banks in Nepal

Yes Bank has launched its Indo-Nepal Remittance through its collaboration with 3 banks in Nepal - Global IME Bank, Mega Bank and NMB Bank. With this, Yes Bank becomes the first bank in India to launch Indo-Nepal remittance for Nepalese residents in India with 3 banks simultaneously providing maximum choice to its customers.

Yes Bank will enable this facility by leveraging over 50,000 Yes Money agents, making this the largest Business Correspondent (BC) network offering the Indo Nepal remittance program in India. Nepalese migrants can now register for this program with Nepalese ID documents and initiate remittance. They can deposit cash and this money will be remitted to the beneficiary’s bank account or cash will be disbursed though over 3000 agent points and 100+ branches of Global IME Bank, Mega Bank and NMB Bank in Nepal.

Yes Bank, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai.