Bank of Baroda lets you remit money to India for free via ATMs
Instant and cost-free money transfer service to India at better exchange rates through debit cards “all seven days round the clock” is one of the innovative services customers can avail from the Bank of Baroda even as several exchange houses in the UAE have started to hike remittance fees.
The new free remittance service is being offered to all customers, including blue-collared workers who frequently remit money to India by paying a fee to exchange houses for each remittance. Bank of Baroda has at present 46 ATMs providing this service without any charges on the remitter.
Very soon, this customer-centric facility shall be offered through the bank’s Internet banking service also. Also on the offing is the long-awaited launch of credit cards by the only Indian bank that has full-fledged onshore banking operations in the UAE, Oman and Bahrain.
Vineet Kumar Dudeja, chief executive, GCC operations, of the second largest Indian public sector bank with a global network of 5,424 branches and 8,723 ATMs in 24 countries has more surprises in store for customers through innovative products, services and technology.
Speaking to Khaleej Times, Dudeja said non-residents are going to be offered an innovative twin account facility called ‘Baroda Happiness Twin Account’ wherein salaried Indian residents will be offered to open bank accounts in the UAE and India at the same time while offering many attractive features, including free remittance and in-built overdraft facility. Read more…