RemitFIRST2India: IDFC FIRST Bank’s Zero-Fee NRI Remittance Platform
Why in the news
A digital remittance service now lets NRIs send money home quickly and securely, with transparent forex pricing.
Key facts
- Bank customers use the Mobile Banking App directly; non-customers join through a paperless web portal.
- More source countries are planned.
About IDFC FIRST Bank
- Private sector universal bank with 35.5 million live customers, reach in 60,000+ places and 1,016 branches.
- Digital-first, with a stress on financial inclusion, ESG and zero-fee services.
Exam angle
- Technology partner: SingX.
- Target users: NRIs.
- Transfer fee: nil.