On Friday, the State Bank of India said that it has launched SBI eforex, an internet based platform which enables customers to book the foreign exchange transactions of them online.

In a statement the bank said, the customers will be able to obtain forex rates without having to visit the branch.

It said that the SBI eforex is an innovative platform incorporating robust security features and is designed to be user-friendly, fast and convenient.

It also said that the details of all deals done are made available to the users on a real-time basis.

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