BoI launches online remittance service for NRIs in UK

Bank of India has launched an online remittance service for non-resident Indians in the UK. Using this service, the customer no longer has to visit a branch and can execute the online money transfers from the comfort of his home or office, said a press release issued by the bank.

The bank is offering the service jointly with TimesofMoney.

BoI has an overseas presence of over 65 years.

It has offices in 19 foreign centres spread over five continents, where its services are extended through 49 outlets, including seven in the UK.

Almost 25 per cent of the bank's business is contributed by its foreign offices, the release said.