Forex company waives service fees for Kerala flood relief money transfers

Energy Thursday 16/August/2018 13:56 PM
By: Times News Service
Forex company waives service fees for Kerala flood relief money transfers

Muscat: Two money transfer, foreign exchange brands — UAE Exchange and Unimoni — have waived service fees on remittances to the Kerala Chief Minister's Distress Relief Fund in the wake of the floods that have ravaged the Indian state of Kerala.
This initiative was made to enable the Indian diaspora to contribute to relief efforts. In addition to the waiver, the group’s chairman UAE-based businessman and philanthropist, Dr Bavaguthu Raghuram Shetty made a personal contribution of two crore rupees.
Promoth Manghat, Executive Director, Finablr and Group CEO, said, “As a committed corporate citizen, who firmly believes in helping communities in times of need, it was our responsibility to do all that is in our power to aid the people of Kerala, who are facing this unprecedented natural calamity. Besides waiving off service fee on remittances to Kerala Chief Minister's Distress Relief Fund, we have also mobilised the India Unit of Unimoni to extend on-ground support to the ongoing relief efforts.”
The UAE Exchange and NMC has made a contribution of rupees 25 lakh to help the Indian state.
Those seeking to support the relief efforts can go to their nearest UAE Exchange or Unimoni branches or log on to the website/mobile application and transfer money to Kerala Chief Minister's Distress Relief Fund (CMDRF) at zero transfer fees. Contributions to CMDRF are completely tax exempt.
The account details for the same are as stated below.
Name of Donee: CMDRF
Account Number: 67319948232
Bank Name: State Bank of India
Bank Branch: City Branch, Trivandrum, Kerala
IFSC: SBIN0070028