SBI launches online platform for forex transactions

Q.  Which bank has launched an online forex platform on 19th June’15 that enables customers to book their foreign exchange transactions online?
- Published on 20 Jun 15

a. ICICI Bank
b. HDFC Bank
c. State Bank of India
d. Bank of Baroda

ANSWER: State Bank of India
 
The name of the service is SBI eforex . It is the Internet-based forex (foreign exchange) platform launched by the SBI that facilitates the customers of the bank to obtain forex rates without having to physically visit the branch and enable customers to book their foreign exchange transactions online.

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