Yes Bank on Wednesday introduced its online banking services, including instant money transfer to other banks in India, for non resident Indians.
The services, Global Indian Banking, include Non Resident External and Non Resident Ordinary accounts, FCNR deposits, investment services and insurance advisory, private wealth management and portfolio investment.
The instant money transfer to other banks in India will be done through Real Time Gross Settlement without issuing a cheque or demand draft, the bank said in a statement in Mumbai.
"Customers can electronically transfer money instantly to more than 1,000 branches of banks across India," it added.
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