NEWS & ADVICE : PERSONAL LOAN
Remittance fees should be reduced by banks: Govt
By Vaibhav Aggarwal
Nov 24, 2011
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In a bid to increase the inflow of remittances into the country, the government has urged banks to bring down remittance charges.

"Banks have also been advised to review their existing scale of charges, both at the foreign and domestic end to minimise the current cost of remittances," Minister of State for Finance Namo Narain Meena said.

Meena added that banks should also consider into making improvements in terms of infrastructure and technology. Electronic payment facility should also be extended in terms of inter city settlements amongst banks in India.


 


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