Karur Vysya Bank has tied up with Lulu International Exchange, Abu Dhabi and GCC Exchange House, Dubai for electronic remittance.
Under the speed remittance arrangement, the proceeds will be credited to the beneficiaries account electronically, on the same day itself.
The bank has the capability to credit the proceeds to the beneficiaries’ accounts with other banks in India, through the NEFT mode, a spokesperson of the bank said.