Qatar Islamic Bank starts app-based direct remittance service to India

Customers of Qatar Islamic Bank (QIB) will now be able to send money to India-based bank accounts quickly.

QIB launched its Direct Remit service to India today as part of a new bouquet of speedy services to its customers, Gulf Times reported.

The service is exclusively available on the bank's app. It is a 24x7 service and is free of charge till the end of this year.


The bank claims that remittances to India by customers who avail the service will now only take 60 seconds. Besides, transfers can be made to any bank in India.

This facility is being offered under a partnership with HDFC Bank, QIB said. The partnership will enable QIB to directly access IMPS & NEFT networks in India.

Remittance senders can track their transactions on the app and receive instant updates regarding the status of their transactions, the report said.

The app is available on Apple Store, Google Play and Huawei AppGallery, the Gulf Times said, adding that customers can register themselves via their ATM/Debit card number and PIN.