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YES BANK Launches Remittance Services for Global Indians in Singapore

YES Remit services are offeredacross UK, Eurozone, U.A.E, Australia and now in Singapore

Mumbai, September 10, 2014:YES BANK, India’s fourth largest private sector Bank, has now extended YES Remit Money Transfer service for the Global Indians based in Singapore. This facilityempowers NRIs to send money into a YES BANKaccount or any other bank account in India. As a differentiated proposition, YES BANK is offering best in class exchange rates with NIL transaction charges on all the remittances. The YES Remit service was launched in December, 2012 and is also available for, UK, Eurozone, U.A.E. and Australia.

Commenting on the offering Mr. PralayMondal, Senior Group President, Retail and Business Banking, said, “While augmenting our focus on YES BANK’s Global Indian Banking (NRI business), we realized that seamless transfer of money back home was one of the biggest challenge for NRI’s based in Singapore.YES Remit will now enable NRIs to transfer money back to India within the comfort of their home or office whileenjoying best in class exchange rates and NIL transaction charges.YES BANK is fully committed to offer a superior and seamless Remittance facility to NRIs globally.”

Quick Facts of YES Remit

  • GET 40 Paise more on exchange rates.
  • NIL Transaction Charges
  • Online tracking of remittances
  • Being bank-agnostic, anyone can use this service to transfer funds to India

YES BANK was the first Bank to offer Interest rate of 7%p.a*for Resident as well as Non-Resident Indians (NRE/NRO) on Savings accountsfor balances of Rs. 1 lakh & above; 6% p.a.* for balances below Rs. 1 lakh, post the savings rate deregulation by the Reserve Bank of India.

ABOUT YES BANK

YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and commercial banking clients. YES BANK is steadily evolving its HR character as the Professionals’ Bank of India, with the unrelenting vision of “Building the Best Quality Bank of the World in India” by 2020.

For media queries, please contact:

YES BANK Limited
Krunal Mehta
Ph.: +919867163634
Email: krunal.mehta1@yesbank.in

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