Karur Vysya Bank (KVB) has entered into a tie-up with Lulu International Exchange, Abu Dhabi, and GCC Exchange House, Dubai, for remitting money electronically to India.
Under the speed remittance arrangement, proceeds will be electronically credited to beneficiaries’ account with the bank on the same day the Exchange House remits funds to their accounts with KVB.
KVB has the capability to credit the proceeds to beneficiaries’ accounts with other banks in India also through the NEFT mode, said a release from the bank.
