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Saturday, October 22, 2016

Doha Bank ties up with Dhanlaxmi Bank for Remittance to India

Doha Bank entered into an agreement with Dhanlaxmi Bank Ltd. one of the fastest growing mid-size private sector bank in India, for online remittance of funds.

Using this service, Non-Resident Indians (NRIs) customers will be able to transfer money online from Doha Bank Account to Dhanlaxmi Bank’s 274 branches in India. NRIs will also be able to remit funds to beneficiaries having accounts with any other bank through NEFT/RTGS network in India. The remittance facility is also available from any of Doha Bank Branch.

Mr. R Ganesan, Executive Manager, International Banking Group, Doha Bank said: “The tie-up with Dhanlaxmi Bank provides an opportunity to extend our services to the vast NRI community in Qatar by meeting all their banking requirements, as a very large proportion of NRIs’ in the middle east emanate from the Kerala. We are committed to serving the NRIs in every possible manner and provide them a seamless banking experience as Doha Bank is a house hold name to NRI customers who live and work in Qatar.”

Speaking on the tie-up, Mr. Salil Datar, Head, Branch Banking & NRI Business, Dhanlaxmi Bank said: “This association with Doha Bank is part of our NRI Banking business proposition. The arrangement will enable us to provide our customers convenient and secure services besides expanding our remittance network across GCC countries.”

‘Dhanlaxmi Bank Limited’ is a Scheduled Commercial Bank, having a pan-India presence through a network of 274 branches, 452 ATMs covering 136 centers across 14 states.

Mr R Ganesan, highlighted that NRIs in Dubai and Kuwait will also be benefitted from such arrangements as Doha Bank has its presence in Dubai and Kuwait. He said that the local requirement of NRIs will be taken care by Doha Bank and similarly all back home requirement will be taken care by their arrangements with Dhanlaxmi Bank in India. This arrangement is most convenient and cost effective for NRIs to remit their funds to India.

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