2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dena Bank
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Canara Bank
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DBS Bank
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Yes Bank
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Detailed explanation-1: -The correct answer is Canara Bank. Canara Bank has launched “FX 4 U” through internet banking helping users to manage and handle their forex transactions seamlessly. All eligible individual customers can undertake remittance facility as per FEMA regulations.
Detailed explanation-2: -Introducing FX4U, a platform that seamlessly lets you perform foreign exchange through our Internet Banking.
Detailed explanation-3: -Canara Bank entered Forex arena in 1953 with the opening of its first Foreign Exchange Department in Mumbai. All forex transactions are centralized at Centralized Processing Cell – Forex Transactions (CPC-FT). It is a single point processing unit.
Detailed explanation-4: -CASA stands for Current Account Saving Account. This is a unique feature which banks offer to their customers to make them keep their money in their banks. The account combines the benefits of savings account and checking accounts.