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Sunday, Jun 13, 2004

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`e-Cash Home' from IOB

Indian Overseas Bank has launched `e-Cash Home', a new product to send money from the US to India, through the Internet. Users of this service can send money by logging on to the bank's Web site.

Recipients in India get a demand draft for the same within four working days. The bank charges three dollars for remittances up to $200, six dollars for remittances between $200 and $500 and nine dollars for remittances beyond $500.

BL Research Bureau

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