2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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Bank Of Baroda
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SBM
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PNB
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Detailed explanation-1: -Through this partnership, InstaReM will work closely with SBM Bank India as its licensed banking partner to facilitate international money transfers from India to an expanded list of markets, including new destinations such as Malaysia and Hong Kong.
Detailed explanation-2: -SBI Express Remit is one of the safest ways for transferring money to India. SBI does not charge anything for remittance but it has other fixed charges like currency conversion charge – Rs.
Detailed explanation-3: -In September 2017, Instarem received a regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India.
Detailed explanation-4: -SBM Group offers an extensive suite of products and services that encompasses deposits, lending, trade finance, cards, leasing, treasury, stockbroking, custody, asset management, insurance and investment products, as well as a wide range of payment services.