SIB eazyRemit is an internet based remittance service launched in association with our correspondent bank, Bank of New York, Mellon (BNYM), New York. This new facility offers a hassle free fund transfer to your loved ones in India and can be operated from the comforts of your home or office using the internet platform. NRI’s can transfer US Dollar funds, from their account with any ACH- affiliated bank in the USA, to the account of the beneficiary with any branch in South Indian Bank. 
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Pre-requisites
1. The remitter should be a valid bank a/c holder of any bank in the USA.
2. Maximum amount per transfer is USD5000 and aggregate amount per month is USD30,000 and 10 in number.
SALIENT FEATURES OF THE SCHEME
- Easy, secure, quick and cheap way of remitting funds to India.
- It is a user friendly application and remitter is well guided while login to the link provided by us from our website to access the site for on line remittance provided by Bank of New York.
- The Remitter has to make a one time registration by adding personal details and beneficiary details. All remitters are subject to an Identity Verification that will validate their name, address, SSN (Social Security Number) and DOB and ensure accuracy through an online, real-time check.
- Beneficiary gets the credit within four working days.
- SIB applies its finest rates Exchange rate ruling on the day of credit to beneficiary.
- Customer can give one time instruction for periodic remittances under this product.
- Scheme is regulated by ACH rules.
- Scheme is fully compliant as per US Federal Reserve guidelines.
- A transaction charge of only Rs.10/-(inclusive of service tax) per transaction will be deducted from the converted remittance amount at our end.
- Charges to the Remitter will be US$7.00.
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