NewZNew (Chandigarh) : Federal Bank has entered into tie-up arrangement with National Australia Bank for facilitating online inward remittance to India at discounted rate, for their NRI customers based in Australia. For availing discounted charge for fund transfer, customers need to register their National Australia Bank account details with Federal Bank. Details can be obtained by visiting our website link at http://www.federalbank.co.in/remittance-through-nab.
Shri. Antu Joseph, Head (Business and products) said that customers can make use of this arrangement for fund transfer at lower cost in a faster, easier and reliable way and can get better exchange rate. The cost is around one-third of the normal international fund transfer charges, said Mr. Joseph.