Parents of students studying in India will no longer have to fork out extra cash when sending money.

Bank of Baroda announced that parents sending money to their children in India do not have to pay any fees.

Bank of Baroda (BOB) Fiji operations  chief executive Govindsing Babusing Rajput said: “These students opened their account without paying any fees and parents in Fiji also opened their account without paying any fees.

“Parents from Fiji are able to send money to their children’s bank account without paying any fee and they can collect their money within a few hours.”

He said the bank was not operating like Western Union.

Students studying under the Indian Council for Cultural Relations (ICCR) scholarship scheme will benefit from this arrangement.

Loyal customers

More than half of the Bank’s 20,000 customers are from the Labasa branch.

“This is one of the many reasons we have thousands of loyal customers,” Mr Rajput said.

“My role is to bring the second generation of these loyal customers without a loss of turnaround time.

“We have invested in bringing new technologies and most convenient products and the very recent one is the queue management system.

“A machine has been installed in the Suva branch where customers press the button on the machine and take a token number without having to stand in the queue.

“Very soon may be within few months we will have it in Labasa,” Mr Rajput said.

Bank of Baroda has been in operation in Fiji for 51 years.

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