The largest lender of the country, State Bank of India has inked a deal with remittance provider, MoneyGram international whereby in-bound fund transfer services of the latter would be facilitated by the major branches of SBI.

Speaking on the tie up, MoneyGram International's executive vice president for the Americas and Emerging Markets, Dan O'Malley said, "Adding SBI to our agent network immensely increases consumers access to the company's services across India. The Bank's locations throughout India will make it be more convenient than ever to receive money wherever you are in the country."

Presently 100 branches of SBI will be incorporated as part of the pact to initiate the process.