Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Live: Budget 2023: IT's demands
Budget 2023
Budget 2023
you are here: HomeNewsBusiness

Kotak Mahindra Bank announces launch of Kotak Remit on mobile

The outward forex remittance solution is live on the Kotak Mobile Banking App.

February 15, 2021 / 02:33 PM IST
10. Kotak Mahindra Bank | Market Cap for the week ended October 30: Rs 3,06,331.09 crore | Loss during the week: Rs 32,570.94 crore.

10. Kotak Mahindra Bank | Market Cap for the week ended October 30: Rs 3,06,331.09 crore | Loss during the week: Rs 32,570.94 crore.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Kotak Mahindra Bank on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones.

The outward forex remittance solution is live on the Kotak Mobile Banking App.

For the first time, Kotak customers can conveniently transfer money internationally to their beneficiaries straight from their mobile, Kotak Mahindra Bank said in a release.

The private sector lender said that it is an industry-first move, and customers will not have to furnish any physical documents for transactions up to USD 25,000 or equivalent seamlessly to permissible geographies across the world.