Customers desirous of availing the facility will have to pre-register , giving their details as well as details about the beneficiaries. The customer will also sign an authorization cum indemnity form. The linked account of the sender of the fax will be debited and the designated beneficiaries account credited through Rapid Funds 2 India. Message regarding successful transfer of funds will be sent to the remitter through FAX.
Exchange rate will be the applicable rate at the time of transaction. Messages received upto 12.00 noon will be executed on the same day. Normal service charges will be levied.
At no extra cost you can instruct Bank of Baroda to transfer your funds.