YES BANK Launches Online Remittance Platform - YES Remit

           YES BANK Launches Online Remittance Platform - YES Remit

  PR Newswire

  MUMBAI, India, January 21, 2013

MUMBAI, India, January 21, 2013 /PRNewswire/ --

Fast and secure way of transferring money into India from the GCC, UK and Euro
zone countries

YES BANK, India's fourth largest private sector Bank, has launched YES Remit ,
an online remittance platform for NRIs based in the GCC, United Kingdom and
countries comprising the Euro zone. The facility empowers NRIs to send money
into an account with YES BANK or any other bank account in India. As a
differentiated proposition, YES BANK is offering Superior Exchange Rates with
NIL Transaction Charges on all the remittances. The YES Remit platform will be
gradually extended across geographies and currencies, in a phased manner.

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The YES Remit service has been created in association with TimesofMoney.

Quick Facts of YES Remit

  *Superior Exchange Rates
  *Nil Transaction Charges
  *Online tracking of remittances
  *Round-the-clock customer service assistance
  *FREE e-gift vouchers on remitting money with YES Remit
  *Being bank-agnostic, anyone can use this service to transfer funds to

Commenting on the offering Mr. Pralay Mondal, Senior Group President, Retail
and Business Banking, said, "While augmenting our focus on YES BANK's Global
Indian Banking ( NRI business), we realized that seamless online money
transfer back home was one of the biggest challenge for NRIs. YES Remit will
now enable NRIs to transfer money back to India within the comfort of their
home or office while enjoying an superior exchange rate and NIL transaction
charges. TimesofMoney is a pioneer in this space and through our association
we will strive to offer a superior and seamless Remittance facility to NRIs."

YES BANKwas the first Bank to offerInterest rate of 7.0%for Resident as well
as Non-Resident Indians (NRE/NRO) Savings accounts ,with balances over Rs. 1
Lakh and 6% interest for balances below Rs. 1 Lakh, post the savings rate
deregulation by the Reserve Bank of India


YES BANK , India ' s fourth largest private sector Bank, is the outcome of the
professional & entrepreneurial commitment of its Founder, Dr. Kapoor and his
top management team, to establish a high quality, customer centric, service
driven,  private Indian Bank catering to the Future Businesses of India.

YES BANK is steadily evolving as the Professionals' Bank of India with the
vision of "Building the Best Quality Bank of the World in India" by 2015.

For further information, please contact:George Koshy, YES BANK Ph.:
+91-9819808042 Email:
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