<\/p>\n
The inward remittance<\/a> option will be available for existing NRI clients through the Bank\u2019s internet banking<\/a> platform. They can initiate the transaction online, provide details and disposal instructions on the online banking facility. Post which, the clients will be required to provide instructions to their Bank to send funds to Standard Chartered Bank\u2019s NOSTRO account using the reference numbers generated earlier.After performing necessary checks,Standard Chartered will sight the funds and equivalent Indian Rupees will be credited to the beneficiary account<\/p>\n Kusal Roy<\/a>, Head, Retail Banking<\/a>, India, Standard Chartered Bank, said, \u201cGiven our focus on our affluent client base, the platform will be a game changer in driving our remittance business. This will further enhance our digital capability and is a milestone in our endeavour to be best in class for our clients.\u201d<\/p>\n Amongst many benefits that this facility provides, convenience of initiating remittances online is the key take away. It provides clients with an Intuitive interface that displays purpose linked documentation to the client. Furthermore, only one-time beneficiary registration is required which makes it effortless for repeat transactions. Online remittance service solution also offers personalised experience with customised pricing, based on segment and relationship. One can even track the status of transaction alongside viewing transaction history with complete details.<\/p>\n \u201cThis platform should offer the convenience that our clients have always been looking for. Given the increasing need of remitting outside India for children\u2019s education, medical treatments, gift to relatives, etc., it will offer our clients the opportunity to carry out these transactions in a few basic steps on a desktop or through the mobile app,\u201d said Nitin Chengappa<\/a>, Head, Non-Residents, India, Standard Chartered Bank.<\/p>\n<\/div>\n