Dhanlaxmi’s Agreement with Doha Bank to Facilitate Online Remittance

Dhanlaxmi Bank on 21 December 2010 entered into an agreement with Doha Bank for online remittance of funds. The service will enable non-resident Indian customers to transfer money from any of Doha Bank's branches in Qatar through its internet banking platform to designated beneficiaries' accounts in any of Dhanlaxmi Bank's 274 branches in India. NRIs will now be able to remit funds to beneficiaries having accounts with any other bank through NEFT/RTGS network in India. The arrangement will help to provide customers convenient and secure services besides expanding our remittance network across GCC countries.

Dhanlaxmi Bank Ltd is one of the fastest growing mid-size private sector banks in India. The bank’s agreement with Doha Bank which is the largest private commercial bank in the State of Qatar is part of Dhanlaxmi Bank’s NRI Banking business proposition.