Tahweel Al Rajhi has become a household name in the domain of remittance business, mainly because of its reasonable exchange rate and excellent customer service offered to expatriates including Indian workers. With more than 40 years of continued excellent remittance service to expatriates in Saudi Arabia, Tahweel Al Rajhi remains the top choice for remittance and other banking needs of expatriates of different nationalities in the Kingdom today.
Abdulaziz Al-Sedeas, chief of Tahweel Al Rajhi, said that “Al-Rajhi has a total of 80 remittance centers as of today, and more are scheduled to be opened to reach the target of more than 100 centers all over the Kingdom in 2007.” Al-Sedeas believes that “the customers are very important and it is necessary for Tahweel Al Rajhi to go near to the customers instead of customers coming to them.”
He said that Tahweel Al Rajhi will soon open its branches to serve expatriates in some countries outside Saudi Arabia as well. “At the moment, by using our services, one can send remittance to almost all parts of the world,” said Tahweel chief adding that Al Rajhi has the largest number of correspondent banks. Moreover, the implementation of a project to introduce new remittance services is also continuing, he said. Latest addition is “Cach Online”, a two-hour remittance service payable in cash to ten selected countries including India.
For this service, beneficiaries need not have an account number with any bank. “At our centers, account credit service is available in just three hours if the accounts are maintained with ICICI bank and in only 24 hours if the accounts are maintained with other banks such as State Bank of Travancore, Federal Bank, HDFC Bank and South Indian Bank,” said the Tahweel chief. However with the introduction of RTGS (real time gross settlement) facility introduced by Reserve Bank of India, he said that the credit to account is possible in 24 hours for 90 banks involving 25,000 branches all over India.
Other benefits Tahweel Al Rajhi centers offer to the customers include lowest exchange rate, lowest service charges, largest network both in India and Saudi Arabia, excellence services to send remittances with the help of over 1,400 ATMs for NRIs holding Al Rajhi ATM cards. On the above scores, it is quite clear that Al Rajhi enjoys the trust and confidence of majority of expatriates living in Kingdom. This only affirms the status of Al Rajhi as the number one remittance service provider in Saudi Arabia today.
