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Nomenclature notwithstanding, a Wire Transfer in India can be called any of the following:

  • Money Transfer
  • TT (Telegraphic Transfer)
  • Remittance
  • Funds Transfer
  • Interbank Funds Transfer
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10y ago
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14y ago

Almost all the banks have online wire transfer .. but yes if you are doing international wire transfer Citibank is offering this service .... you may check them on the link given below .. http://www.keepapromise.in/

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Q: What are banks offering online Wire Transfer in India?
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What is full form of GRPT?

It (Group Payment or GRPT) is an on line fund transfer facility available to customers maintaining account in the group of banks coming under State Bank of India (SBI) - such as State Bank of Hyderabad, State Bank of Travancore, and many other similar banks in State Bank of India Group - The group includes SBI also. It appears that there is no transfer fee for this mode of transfer.


Definition of apex bank in term of India?

Apex Banks are those banks in India which controls the other bank in india. It is RBI in India.


How reserve bank of India regulate public sector bank?

Reserve bank of India not only regulates the public sector banks in India, but also the private banks and international banks that operate inside India. Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.


Which is richest bank after rbi in India?

State Bank of India is the richest bank in India after RBI. Mr. O.P. Bhatt is the present Chairman (Head) of State Bank of India. SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in India.


How the foreign bank operate in India?

Foreign banks operate in India, just the way the local banks do. They are bound by all the rules and regulations that are applicable to banks based out of India and they are governed by the Reserve Bank of India that controls/governs all banks operating in India. Some of the foreign banks that operate in India are: 1. Citibank 2. HSBC 3. Standard Chartered 4. Barclays 5. Etc.

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What is full form of GRPT?

It (Group Payment or GRPT) is an on line fund transfer facility available to customers maintaining account in the group of banks coming under State Bank of India (SBI) - such as State Bank of Hyderabad, State Bank of Travancore, and many other similar banks in State Bank of India Group - The group includes SBI also. It appears that there is no transfer fee for this mode of transfer.


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Importance of rural banks?

The goals of Rural Banks are to provide banking services to the rural/village population of India. Gramya banks or Grameen banks are banks in India that provide banking services for the rural population in India. There are a total of 32 Grameen banks in India.