ICICI Bank, India’s largest private sector bank, announced the launch of ‘Easy NRI Account’, a savings bank account specially designed to ensure convenient banking for NRIs (Non Resident Indians) located in the Middle East.
The ‘Easy NRI Account’ has been created with the objective of simplifying regular banking activities along with facilitating remittances for customers.
- Low monthly average balance requirement of just Rs. 2,000.
- Nil charges for non-maintenance of minimum balance, as long as the customer has remitted a sum of Rs. 20,000 to ICICI Bank India Easy NRI Account over the preceding three months. This ensures that customers can use the account for remittances without worrying about minimum balance maintenance.
- Special provision for customers who are more comfortable monitoring their account activity using a passbook. The Easy NRI Account holder or mandate holder for this account is issued a passbook which can be updated by simply visiting any of ICICI Bank’s over 3,600 branches in India.
- Recurring deposits starting from as low as Rs.500 have also been enabled, encouraging NRI customers to save easily and automatically.