Axis Bank has tied up with DBS Bank in Singapore for facilitating money transfer from Singapore to India through AxisRemit Online, its flagship online money transfer service which enables NRIs in USA, UK, Singapore, Australia, Euro Zone, UAE, Canada and Hong Kong to send money to bank accounts in India.

The AxisRemit Online Facility will enable DBS/POSB Bank customers to make payments to any bank account in India within 48 working hours. Customers simply need to book a transaction through AxisRemit Online and transfer money to Axis Bank through the Bill Payment facility on DBS Internet Banking for onward remittance to the named beneficiary.

Commenting on the partnership with DBS Bank, P. Mukherjee, Head – Treasury and International Banking, Axis Bank, said “AxisRemit Online has come a long way in past three years since its launch. Superior money transfer experience has now become a key pillar in service delivery and the tie-up with DBS Bank is a step forward in this direction.”

AxisRemit Online offers very competitive exchange rates at no remittance charge to the customers, claimed a release issued by the bank.

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