Public sector lender Punjab National Bank, on Saturday said it has launched ‘PNB NRI Remit-India’, an online cross-border remittance solution to send money from the US to India.
The bank has launched the online cross-border remittance solution in association with The Bank of New York Mellon, New York, a press release issued here said.
Besides, the bank has also launched RET AD, an online reporting system meant for bank branches authorised to deal in foreign exchange.
An online base system, under this, branches can report their foreign exchange transaction, sale or purchase through the system, the release said.
The bank also launched the World Travel Card in association with MasterCard. The PNB World Travel Card has been designed as a pre-paid wallet for persons travelling abroad that can be used outside India.
This card is available in three currencies-Dollar, Euro and Pound, it said.
PNB has more than 4,900 branches in more than 750 cities, including extension counters and overseas offices.