SBI responds to Singapore govt “easy lifestyle” initiative, sets up remittance centre

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State Bank of IndiaThe State Bank of India (SBI) has set up a remittance centre in the suburb Punggol district, responding to Singapore government’s initiative for making it “easy lifestyle” for construction workers at dormitories.

“This is in line with the Singapore government’s initiative of providing doorstep facilities for the workers living in dormitories,” said Soma Sankara Prasad, SBI’s Country Head, after opening the centre on Sunday.

This facility will help the construction and marine industry workers to remit to their homes in India and Bangladesh in rupee and taka, respectively. For the convenience of the workers, the centre will operate late in the night.

Jawed Ashraf, India’s High Commissioner to Singapore opened this centre on Sunday.

This helps the workers in saving the time that was spent on traveling to main banks and branches in city areas.

Going by the demands, SBI is planning to open more outlets for serving the South Asian workers. These centres will be in addition to the 25 ATMs and branches. SBI can fully qualifying bank as permitted by India’s High Commissioner to Singapore.


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