The service will be operational from August 15 as a part of country-wide Azadi ka Amrit Mahotsav celebrations
With a view to facilitate personal foreign inward remittances for Non-Resident Indians (NRI), J&K Bank recently tied up with Ebix Money Express Pvt Ltd – an Indian Agent of Overseas Principal RIA Financial Services. The service will be operational from August 15 as a part of country-wide Azadi ka Amrit Mahotsav celebrations.
The tie-up will provide NRIs based across the world an additional money transfer channel to send remittances of personal nature up to 2500 USD from abroad to their loved ones in the country.
The Deputy General Manager (Corporate Banking & Forex Planning) Nishikant Sharma signed the agreement on behalf of the bank with T C Guruparasad, Managing Director EBIX Money Transfer Pvt Ltd. in the presence of the bank’s General Manager Syed Rais Maqbool, MD & Country Manager RIA Money Services Dr. J. Emil Ruban, Dy. General Manager Imtiyaz Ahmad and other senior officers of the bank.
Speaking on the occasion, General Manager Syed Rais Maqbool said, “The tie-up of J&K Bank – a dominant, strategic player of the region – with premier market players like Ebix Money Express will go a long way in helping NRIs based in Gulf Countries, US, Europe & Canada especially those belonging to J&K and Ladakh to send remittances to their loved ones.”
“Keeping in view the sensitive nature of foreign remittances, the company has put up a mechanism to ensure all the regulations are complied with and transfer of money is instant.”
— Dr. J. Emil Ruban, MD & Country Manager RIA Money Services
Thanking J&K Bank for the tie-up, T C Guruparasad said that the agreement will make the job of sending the remittances for people to their families much easier and safer. “Going forward we see this association bringing happiness in the lives of so many people”, he said.
Dr. J. Emil Ruban said, “With second largest global network for money transfer, our association with J&K Bank and Ebix Money Express gives us an important opportunity for making it easier for people particularly from J&K and Ladakh to receive remittances from their loved ones residing abroad.” He also said, “Keeping in view the sensitive nature of foreign remittances, the company has put up a mechanism to ensure all the regulations are complied with and transfer of money is instant.”
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