Released on: October 7, 2008, 3:54 am

Press Release Author: A.Raj

Industry: Financial

Press Release Summary: Remit2india - An agreement with Remit2india
(TimesofMoney.com) to offer an internet-based option for NRIs in the United States
to send money to their families in India.

Press Release Body: Chennai-based Indian Bank, one of the leading public sector
banks with a strong presence across India. Recently signed an agreement with
Remit2india (TimesofMoney.com) to offer an internet-based option for NRIs in the
United States to send money to their families in India. The service is powered by
Timesof-Money.com, the pioneer in e-enabling remittance solutions, which will handle
technology, operations and customer’s service for the product.

Every year, thousands of non-resident Indians across the globe send money to India,
but the current options available are the time-consuming dollar check and the
expensive wire-transfer. Indian Bank is one of the first banks to recognize the need
to serve this community. With over 1,300 branches across the country, it has a huge
NRI customer base and has always been in the forefront with regard to innovative
solutions offered to its customers.

The Bank has a huge base of customers who send money through traditional modes and
its aims to convert them to the more convenient online mode. Over 60% of NRIs in the
US hail from South India, This combined with the banks strong branch presence in
that region, makers this product a strong proposition for the customer.

The alliance marks another landmark in the remittance market for Remit2india
(TimesofMoney). The company has tied up with numerous banks in the Asia Pacific
region to offer a complete remittance solution for customers. It has emerged as the
leader in offering web-based remittance solutions across the globe.

Remit2India has always believed in providing innovative solutions to customers, be
it completely online overnight transfers, superior exchange rates or even our unique
Money Insurance program. With this promotion, we’re only putting our money where our
mouth is, commented the official spokesperson, Remit2India.com

Web Site: http://www.remit2india.wordpress.com

Contact Details:
Remit2India.com, the flagship brand of TimesofMoney.com, is the global one stop
destination for money transfers for NRIs across the world. Remit2India.com is the
only portal to be adjudged the "World's No. 1 Independent Online Money Transfer
Portal for NRIs" by ACNielsen ORG Marg. With presence in over 23 countries and
serving lakhs of NRI customers, Remit2India is a noted success in the world of
web-based money transfers.

TimesofMoney Ltd.
1st Floor, Times of India Building
Dr. D N Road Mumbai - 400 001
India.