Kotak Mahindra Bank on Monday launched its online remittance service - FundstoHome - for non-resident Indians.
The bank's executive director Dipak Gupta said through this service, NRIs would be offered a safe, cost-effective and speedy channel to transfer money to their beneficiaries back home in India.
In a statement in Mumbai, Gupta said the direct debt, wire transfer and cheque facility offer the customer an economical way of remitting funds.