Date:05/12/2006 URL: http://www.thehindubusinessline.com/2006/12/05/stories/2006120503290600.htm

PNB's new remittance service

Our Bureau

New Delhi, Dec. 4

Punjab National Bank (PNB) has launched a new remittance service with Buyindiaonline.com Inc, a wholly owned subsidiary of Xoom Corporation, USA. Under this service, non-resident Indians can send their remittances to India through the website www.Xoom.com. A beneficiary can pick up pay order in his favour from any of the over 2,000 core banking solutions branches of PNB in India.