The arrangement enables faster, hassle-free remittances through internet at the best exchange rates, claimed the Bank. NAB will be South Indian Bank's main banking correspondent in Australia.As the exchange rate is decided by South Indian Bank, NRI customers in Australia would get the best possible rates. The remitted money can be either converted into Indian Rupee or maintained in Australian Dollar.

South Indian Bank also has tie-ups with banks and exchange houses in the USA, Europe, and Asia.

South Indian Bank Limited : South Indian Bank Limited (SIB)  is a private sector bank headquartered at Thrissur City in Kerala, India. South Indian Bank has 831 branches, 4 service branches,33 ext.counters and 20 regional offices spread across more than 26 states and 3 union territories in India. It has set up 1269 ATMs and 4 Bulk Note Acceptor/Cash Deposit Machines all over India.