INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencySBI's Green Remit Card comes at a paltry price of Rs 20.
State Bank Of India (SBI) offers Green Remit Card which is
used by customers (remitters), particularly non-account holders, who want to remit money to an SBI bank account at regular intervals,
mentioned country's largest lender on its official website
Green Remit Card facilitates non-home cash deposit transactions routed through Green Channel Counter (GCC) or Cash Deposit Machine (CDM)
It is a simple magstripe based card without PIN
People willing to avail services of the Green Remit Card can get it at an SBI branch which issues pre-printed cards instantly to the
remitter.According to a World Bank report published last month, India topped as the highest recipient of remittances globally in 2017, with
its diaspora sending back $69 billion.Here's all you need to know SBI's Green Remit Card:Eligibility: Customers need to visit any GCC
branch or CDM branch and submit application form along with one ID proof document
However, transaction charges in CDM/GCC is applicable to regular non-home cash deposit transactions at branch.Global remittances are
expected to grow 4.6 per cent to $642 billion in 2018
In 2017, remittances to India rose sharply by 9.9 per cent
India was followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20
billion) in 2017's list of remittance receivers, as reported by PTI.
