New Delhi, Oct 25 (PTI) Private sector IndusInd Bank on Wednesday entered into a strategic collaboration with Viamericas Corporation to offer digital inward remittance services to NRIs in the US.

IndusInd Bank's Indus Fast Remit platform will allow NRIs to book remittance transactions through auto debit payment mode, as well as transfer funds through overseas bank accounts.

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Viamericas Corporation will use its existing IndusInd Bank Vostro relationship to credit the beneficiary account in India.

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"This collaboration enables NRIs to benefit from highly competitive exchange rates for digital inward remittances to India," the bank said in a statement.

**** AU Small Finance Bank introduces green fixed deposit scheme *

AU Small Finance Bank on Wednesday introduced a 'green fixed deposit' scheme with an interest rate of up to 8.5 per cent.

Planet First - AU Green Fixed Deposit will allocate its entire proceeds to support renewable and green projects, including solar power and electric mobility solutions.

The fixed deposit offers an interest rate of up to 8.50 per cent, with a minimum investment requirement of only Rs 5,000," AU Small Finance Bank said in a statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)