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SPEED REMIT (Remittances from Singapore)
INDIAN BANK Singapore has launched the 'SPEED REMIT' to India

The Service aims at faster way to send Rupee Remittances to India from Singapore and for effecting direct credit to Customers' Accounts maintained with 1644 Branches under "CBS" (Core Banking Solution) Network in India. The scheme was launched on 10.06.2006 at Singapore.

Switching over from the Traditional Paper Based ' Mail Transfer' system of Remittance, Indian Bank Singapore will be using the state-of-the art technology of electronic channel to send remittances to India. This will considerably reduce the transit time and will increase customer satisfaction. Customers are encouraged to avail ' Internet Banking - View' facility in respect of their accounts maintained with CBS branches in India. This will enable the customers to view the status of remittances made to their accounts including those thru 'Speed Remit' on-line.

Benefits to customers : The money sent thru Indian Bank Singapore to CBS Branches in India will be credited electronically the fastest way. The Twin facility of 'Speed Remit' combined with 'Internet Banking - view' will assure speed, safety and comfort for the remitters. The Product is aimed at fulfilling the long standing requirement of remitters from singapore for faster account credit in India.

For any clarification, please email to our HO:INTERNATIONAL DIVISION

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