Sanima Bank and Axis Bank, India pact for Indo Nepal Remittance Services. Sanima Bank has signed agreement with Axis Bank, India to provide remittance service. After the agreement, remittance sent from Axis Bank India can be received in 47 branches of Sanima Bank with more than 7000 agent locations all over Nepal. The service also provides account credit facility to Sanima Bank as well as any Bank Account of Nepal.
The said agreement was signed by Mr. SarojGuragain, Chief Financial Officer from Sanima Bank and Mr. Ashok Gautam, Head Financial Institutions Group of Axis Bank.
Sanima Bank remittance product Sanima Xpress currently offers domestic remittance and international remittance from UAE, Qatar, South Korea, U.K. and from worldwide with alliance of Xpress Money.Sanima Bank is also planning to expand remittance services from other countries as well. Under this agreement, Nepalese residing in India can send the money in easy and reliable way through Sanima Bank.