South Indian Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora.
Under this arrangement, NRIs can enjoy cost-effective and fast remittance services using SIB's Express facility. NRIs can visit the PFG Forex outlets across Australia for remittances to India. SIB is already having correspondent banking arrangement with National Australia Bank and Fly World Money Exchange for remittances to India.
Recently SIB’s international banking division has been awarded the ISO 9001: 2015 certification for Quality Management Systems. The certification was awarded for implementing systems and procedures as per the standards laid down by the International Organization for Standardisation.