HDFC Bank of India has tied up with Qatar National Bank to offer its products and services to Indian expatriates in Qatar. Abhay Aima (group head for private banking, NRI and international consumer business) of HDFC Bank talking about the tie up said that the alliance with QNB will enable both the parties to offer Indian expatriates in Qatar the convenience of carrying on their banking in Qatar and India, and access to a host of financial services in a seamless, quick and cost-effective manner.

 

The service will be known as QNB-HDFC Bank NRI Services, the new bank will allow its customers to use their dual account to remit money from any QNB branch to any HDFC Bank branch in India. The remittance will take 24 hours and cost 5 Qatari riyals ($1.37). Customers can also avail of a host of HDFC Bank products like online trading in Indian stock markets and rupee mutual fund investments through QNB outlets. Customer can ask for loans from QNB plus they can have Qatar Airways Co-branded Credit Card. To avail these facilities a customer has to maintain a salary account in QNB.