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Standard Chartered waives fees, offers 1% Cashback for remittances to India through Online Banking

UAE, 4 March, 2012 – Standard Chartered has announced that it is waving remittance charges, corresponding bank charges and rewarding customers with 1% of the remittance amount as cashback for fund transfers to an INR (Indian Rupee) beneficiary using Standard Chartered’s Online Banking service at www.standardchartered.ae. The offer is valid for three months from March 5th to May 31st, 2012 and is applicable for INR remittances done online only. To avail of the offer, customers must choose their payment currency as Indian Rupee (INR) and the charge option as ‘OUR’.

All Standard Chartered individual account holders may avail of the offer. The cashback will be credited to the customer’s account every month till the offer expires. Corporate and SME customers, however, are not eligible and remittance transactions executed through branches or tellers are also not eligible. The cash-back will be credited to the customer’s account every month till the offer expires.

Mohammed Al Mazemi, General Manager, Distribution for Middle East, Standard Chartered, said:

Mohammed Al Mazemi

“The exclusive offer has been launched at an opportune time when the Indian Rupee is registering record lows, benefitting the large Indian expatriate community in the UAE. It has always been our commitment to be responsive to the needs of our customers to create a convenient banking experience and reaffirm our brand promise to be ‘here for good’ in our service to the community. We will continue to introduce new programmes that reinforce Standard Chartered’s reputation as a customer centric financial services provider.”

Standard Chartered has been operating in the UAE since 1958 and has the largest distribution network among international banks with 11 branches, three Electronic Banking Units and over 130 ATMs and CDMs.


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