It enables you to send money abroad under the online LRS (Liberalised Remittance Scheme) rules permitted by the Reserve Bank of India (RBI). Funds may be remitted abroad specifically to a foreign bank account, quickly and without any hassle. DCB Bank Retail and SME Banking Head Praveen Kutty said, “DCB Remit offers customers a smooth on-the-go banking experience — they no longer have to visit a bank branch or a money exchange outlet to send funds abroad. Funds transferred abroad through DCB Remit are done with ease and comfort. DCB Bank is a new generation private sector bank with 347 branches across 18 states and 2 union territories.

Source: Mint February 25, 2021 07:49 UTC