UAE-based RakBank has expanded its remittance service, RakMoneyTransfer, offering a 60 seconds money transfer to India through a network of 26 major banks including Axis Bank, ICICI Bank and more.

Not only is RakMoneyTransfer a trustworthy, secure and fast way of transferring money, it also offers attractive exchange rates and no deductions for the beneficiary from the banks in India.

Bank customers can transfer money from the comfort of their own home through RakBank’s online banking platform that offers 24/7 access and 365 days credit. Customers can transfer up to 200,000 Indian Rupees  ($300) to any beneficiary within just 60 seconds to the 26 major banks in India, without the need of visiting a branch. If the amount is transferred to any other bank in India, then the transaction process takes up to 60 minutes.   

RakMoneyTransfer also offers customers the opportunity to enter a draw for a chance to win a flight back home to India. When a customer remits money to India, worth minimum of Dh500 ($136), he automatically enters a draw where 10 lucky winners get a chance to fly home to India. The offer is valid until 31st October 2016.

Back in February 2016, RakBank launched its real-time money remittance service, RakMoneyTransfer. The Bank now plans to expand the remittance reach to other countries such as Philippines, Pakistan, Bangladesh, Nepal and Sri Lanka, and introduce additional service facilities on an on-going basis. – TradeArabia News Service