ICICI launches two special accounts for NRIs

Tags: ICICI, NRIs, Banking
The largest private sector lender ICICI Bank today introduced two more products under its savings accounts for NRIs with additional benefits thrown in.

The two new categories, christened NRI Pro and NRI Premia, will offer premium benefits like reservation assistance for hotels, flight booking and golf courses, and also preferential rates for and waiver of charges for currency conversion, the bank said in a release.

It, however, did not mention any charges or minimum balance which will have to be maintained in the accounts.

"We serve 1.5 million NRIs across spanning over 150 countries and process over 5 million NRI transactions annually. This experience has given us insights into the lifestyle and aspirations of NRIs and our products are designed to meet their needs," its executive director Rajeev Sabharwal said.

The NRI customers would be able to choose between two types of accounts --- NRE and NRO, for income generated overseas and domestically like rentals, respectively, it said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture