Bank of Baroda (BoB) on 25 April 2015 tied-up with UAE Exchange to offer instant money transfer facility to its Non-resident Indian (NRI) customers. In this regard, an agreement was signed between both the firms.
This agreement will allow the customers to send money to their desired bank accounts in BoB within minutes in India. This facility will also be supported by SMS alert which will notify the moment the amount is credited in the bank account of desired customer.
Currently, Bank of Baroda (BoB) has a network of more than 5000 branches across United States, Europe, Africa, Australia and Asia. Its financial centres are located in cities like New York, London, Hong Kong, Singapore and Dubai.
UAE Exchange is a global remittance and foreign exchange (FOREX) company. Currently, it serves over 7.9 million customers worldwide and has presence in 32 countries with over 750 branches across 32 countries.