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Centurion Bank of Punjab launches 'SmartRemit-Gulf'

Centurion Bank of Punjab (CBoP) announced the launch of 'SmartRemit - Gulf', a customer friendly remittance option to help NRI clients based in UAE to remit funds in an economical manner to their accounts with the Bank.

Apnaloan.com Research Bureau

15 Aug 2007

Centurion Bank of Punjab (CBoP) has unveiled SmartRemit - Gulf, a customer friendly remittance option to help NRI clients based in the UAE to remit funds in an economical manner to their accounts with the bank.

The announcement was made on August 14, 2007. The bank has entered into Remittance Agreements with exchange houses in the UAE such as UAE Exchange Centre LLC and Alukkas Exchange.

CBOPs SmartRemit - Gulf will help the bank's NRI clients remit funds from any branch of these exchange houses based anywhere in the UAE to their accounts with any branch of CBoP across India within one working day. NRIs can also utilize this channel to remit funds to family members' accounts maintained with any branch of CBoP across India. They can also remit funds through this mode for placing under NRE/FCNR deposits with the bank.

Commenting on the launch, Mr. Harpreet Singh, Business Director Wealth Management, Distribution & Loans of CBoP said, "Centurion Bank of Punjab has always believed in providing the best services for our customers all across the globe. We recently launched SmartRemit - Gulf for the convenience of our UAE customers.

We are happy to inform that our bank is also in discussions with other leading exchange houses across GCC to extend SmartRemit - Gulf to other countries in the region such as Sultanate of Oman, Bahrain, Kuwait, Qatar and Saudi Arabia. We will be soon launching 'SmartRemit AsiaPacific' to cater to NRIs based in Singapore, Malaysia and Hong Kong."

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