NRI SERVICES

sunandaC

Sunanda K. Chavan
NRI SERVICES

Wherever people may be, in India or abroad, ICICI Bank has created a wide range of products and services that provide customers complete financial solutions. Helping them to make the right decisions at the right time and can be rest assured that they are in the safe and trustworthy hands of ICICI bank.

Deposit Products:

1. NRE Account: An NRI can open a Non-Resident External Account(NRE Account)with any bank in India. The account not only lets customers manage their money that they earn in India (as permitted by FEMA Regulations) but also of the money earned abroad. The money in the account and the interest earned on it can be sent back outside India without any authorization from RBI. The Account can be opened and funded in any permissible currency, and is later converted into Indian Rupees.


This Account offers dual benefits of high returns as offered by the fixed deposits and liquidity as offered by the savings account. The Account helps customers take care of all their financial needs, quickly and conveniently. In addition to attractive rupee interest rates customers get free money transfers, easy access for the customer as well as for his/her family back in India, and a free mandate card for the loved ones in India.

Advantages of NRI Easy Rupee Account
• Free and Easy money transfer through www.money2india.com from the comfort of customers home or office. Customers get attractive exchange rates every time they send money to India.

• The services make accessing and tracking account simple and easy. Account can be accessed and monitored in 2 ways
- By logging on to www.icicibank.com to access account round the clock
- Calling the 24hour toll free number from a fixed line in India


• Low minimum balance of just Rs.10,000 makes opening and maintaining an NRI Easy Rupee Account more convenient.
• Mandate facility for loved ones in India so that they may access the account with an ATM Card, from over1910 ATM’s and over 560 branches of ICICI Bank in India. Mandate holder also receives a cheque book
• Free International cum Debit card that gives access to 6,00,000 ATM’s and over 11 million shops and merchant establishment around the globe.
• Free online payments of all the utility bills like telephone bills, electricity bills, insurance premium etc in select Indian cities.
• The principal amount and the interest is fully repatriable.

The NRE fixed deposit is an attractive investment option for customers and can be opened in Indian Rupees. The fixed deposits are opened for a minimum of 1year upto a maximum of 10 years. The principal and the interest is fully repatriable. The account also allows automatic renewal of the deposit.
 
Back
Top