Excelsior Correspondent
Srinagar, Dec 21: Facilitating its customers to receive remittances faster, J&K Bank Limited has signed a Memorandum of Understanding (MOU) with Instant Global Money Transfer Company for online money transfer.
The MOU was signed by the Bank’s Strategy and IT Vice President, Sushil Kumar Gupta and the Company’s Head-Operations, Renjith T. Alex.The agreement is an endeavor to provide fast, hassle free and easy money transfer from any part of the globe to India.
Commenting upon the agreement, Sushil Kumar said, “The tie-upprovides a faster and cheaper alternative of money transfer as compared to the traditional remittance modes.
In addition, easy access to the network offers a convenient, reliable and affordable way of sending money to the beneficiary’s account from any part of the world.”
The tie-up will help people working abroad to send money to their families and students overseas to repay loans taken for study purposes in India as well as tourists visiting various parts of the country.
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