Canara Bank launches “FX 4 U” for forex remittance using Internet Banking

Canara Bank launches “FX 4 U” for forex remittance using Internet Banking

• Public sector lender Canara Bank has launched a new facility “FX 4 U”  for its internet banking users to help them manage and handle their forex transactions seamlessly.
• Currently the facility is active for outward remittances module, while the remaining modules will be activated soon.
• Transactions which are submitted through internet banking will flow seamlessly to CPCFT (Centralised Process Centre – Forex Transactions) where compliance and accounting is done done and transmitted through SWIFT.

Points to Remember:

1. Name the facility launched by Canara bank to offer forex transaction using internet banking?
2. Which bank has launched the “FX 4 U” facility for forex transactions via internet banking?
3. Canara Bank headquarter: Bengaluru

Source: ET BFSI