Xoom Provides Instant Deposit Service To HDFC Bank Accounts In India

(RTTNews) - Xoom Corp. (XOOM), digital money transfer provider, announced a partnership with HDFC Bank Limited (HDB), by offering instant deposits to INR denominated HDFC Bank accounts in India. The service allows Xoom customers to instantly deposit money directly into their recipients' HDFC Bank accounts in India. The instant service is available 24 hours a day, seven days a week, 365 days a year--even on banking holidays.

"Unlike other transfer services to India which typically take five days or more, Xoom is relentlessly working towards providing 'instant' for all of our services, and we are excited to launch instant deposits to HDFC Bank...... Now NRIs can send money anytime, anywhere from their computer, mobile phone or tablet and their bank deposits reach their recipients' HDFC Bank account instantly" said Julian King, Senior Vice President of Marketing and Corporate Development for Xoom.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India. Customers can also download the Xoom App for Android and iOS mobile devices for free.