After the exchange rate of money is fixed, customer transfers the funds from any account to DCB Bank account which is then transferred to the beneficiary account abroad latest by the next business day.
"This unique outward fund transfer saves time and effort. It is one of many disruptive products we have launched in the growing area of digital remittances," said Praveen Kutty, Retail and SME Banking Head of DCB Bank.
DCB Remit has been launched in association with Avenues Payments, a technology product company specialising in facilitating cross border payments.
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