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J&K Bank ties-up with Ebix Money to facilitate NRI remittances

According to RBI, J&K accounted for 0.2 per cent of the country's total inward remittances in 2018.

Source -Facebook/ @J&K Bank

Jammu and Kashmir (J&K) Bank partnered with Ebix Money Express Pvt Ltd, an Indian agent of Overseas Principal RIA Financial Services, to facilitate foreign inward remittances from Non-Resident Indians (NRI).

The partnership will provide an easier way for “NRIs based in Gulf Countries, US, Europe and Canada especially those belonging to J&K and Ladakh to send remittances to their loved ones,” Syed Rais Maqbool, general manager, J&K Bank said. The remittances can be made upto US$ 2500.

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