Sunday, August 14, 2022

J&K Bank makes it easy for NRI remittances

The service will be operational from August 15 as a part of country-wide Azadi ka Amrit Mahotsav celebrations

PRAVASISAMWAD.COM

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.”

******************************************************

Readers

These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.

Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world.  We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.

Please help us to keep our journalism independent and free.

In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.

For more information: pravasisamwad00@gmail.com

Toshi Jyotsna
(Toshi Jyotsna is an IT professional who keeps a keen interest in writing on contemporary issues both in Hindi and English. She is a columnist, and an award-winning story writer.)

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

EDITOR'S CHOICE