Musandam Exchange distributes membership card for NRIs

MUSCAT: Musandam Exchange, the leading money exchange company in the Sultanate, has started distribution of membership card to applicants of Kerala Pravasi Welfare Board. Membership cards were distributed to over 125 NRIs who had registered through its various branches of the Exchange at a recent meeting presided by P M Jabir, Director, Kerala Non Resident Keralites Welfare Board, and Zacharia P S, General Manager, Musandam Exchange, Oman.

Zacharia briefed about the efforts made by the exchange company in distributing the membership card in the shortest possible time span of 20 days after the applications were received from the NRIs. He also informed that Exchange through its 15 branches across the Sultanate had made arrangements for accepting the monthly contribution towards the pension scheme for all NRIs holding the membership card in association with Syndicate Bank. Jabir detailed about the efforts made by the Government of Kerala in reaching out for benefiting the NRI population from Kerala.

He mentioned that an estimated number of over 25,000 NRIs have already registered for the membership and is targeting to cross over 100,000 NRIs from the Sultanate. He acknowledged the efforts made by exchange companies in Oman and lauded Musandam Exchange for distributing the membership cards in such short interval. He also appreciated the Management of Musandam Exchange for introducing the facility at its branches to accept monthly contribution for the Pension fund from all NRIs.