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CARDS & PAYMENTS | Cesar Tordesillas, India
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India's Axis Bank forges remittance tie up with Bahrain's Ahli United Bank

Any account holder with Ahli United Bank in Bahrain may now be able to wire money to an Axis Bank account holder in India using the Internet banking platform.

 

A tie-up has been forged between Axid Bank and Bahrain's Ahli United Bank for inward remittances.

If the beneficiary account holder is an Axis customer, the amount will be credited the same day but if the account is in any other bank branch covered under the NEFT network, it can take up to two days.

Customers can initiate transactions of up to BHD 5,000 a day using the service at present, according to Axis Bank.

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