Staff Report

Dubai: Emirates Islamic, a leading financial institution has launched the QuickRemit, offering the customers to remit funds to Indian bank in no time by using online funds transfer service.

QuickRemit transfers to an HDFC Bank account in India within no time at a reduced exchange rates and zero transaction fees. Funds can instantly be transferred to any other bank account in India with their remittance without any charges. The amount of funds can be transferred by using online banking and mobile banking channels. Emirate Islamic is giving an opportunity to offer the customers 2 gold coins on every two weeks that are using QuickRemit service in India.

Commenting on the launch of QuickRemit to India, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management of Emirates Islamic said: “Our Non-Resident Indian (NRI) customers expect the safest, most convenient and fastest remittance solutions from us. With QuickRemit, they can now send money to their family and loved ones quickly, safely and efficiently, be it for a special occasion, a family emergency, or to capture an investment opportunity. We are working in parallel to extend QuickRemit services to other countries and provide this facility to customers from other nationalities.”

According to the World Bank, Indian expatriates sent home $62.7 billion in 2016 from abroad, the highest globally. With foreign workers from Asian countries constituting a majority of the expatriate population in the UAE, overall remittances from the UAE are one of the highest in the world, estimated to reach AED 70 billion annually.