Public sector lender, IDBI Bank has introduced a remittance facility enabled in multiple currencies for its customers. The facility has been started for both trade as well as non trade based payments.

The facility will be available in more than 125 currencies.

"Our bank has tied up with Deutsche Bank to offer customers the multi currency remittance facility," said Mr Viney Kumar, Executive Director, IDBI Bank.

Customer will get transparency in terms of exchange rate of the currency and will also be prevented from risk of volatility.