State Bank of India (SBI), the country’s largest bank, has launched SBI eforex, an Internet-based platform that enables customers to book their foreign exchange transactions online.
This smart platform facilitates the customers of the bank to obtain forex rates without having to physically visit the branch, SBI said in a statement.
SBI eforex is an innovative platform incorporating robust security features and is designed to be user-friendly, fast and convenient. It is a highly flexible product offering the facility to the customers to customise and set their own limits for deal size, daily transaction limits etc. Details of all deals done are made available to the users on a real-time basis, the statement added.
Under the forex segment, SBI had recently launched 'Fx Out' which enables sending of foreign currency remittances from any its branches in India.