Friday, March 26, 2010

CitiBank Rupee Checking Saving Account for NRI's

The Rupee Checking Account is a savings account opened in India. The money deposited in to the account is converted to Indian Rupees, as per the foreign exchange rate2. You can operate the account like any other, from anywhere in the world. Your family in India can also make transactions, as a Mandatee.

* The account is for Non Resident Indians and Indians travelling abroad on work with a valid passport and a valid H1/L1/J1/H1-B visa
* The Rupee Checking Account can either be an NRE or NRO Account
* The Rupee Checking Account can be opened with an initial credit of USD 1,000. In the absence of a specific offer Rs. 40,000 needs to be maintained as a minimum balance in the account. The Savings Account earns you an interest of 3.5% per annum
* You can deposit money into the account from anywhere in the world and enjoy privileges such as easy money transfers2 and Demand Draft3 issuance and deliveries at over 700 locations in India
* The Rupee Checking Account gives you the flexibility to transact on your account, from anywhere in the world
* You and your joint account holders (if any) will receive
o FREE International ATM/Debit Card
o Checkbook
o Online access to your account
* Your Mandatee (if any) in India will receive a
o FREE ATM/Debit Card
o Checkbook (if the facility is provided)

1 comment:

  1. can the mandatee deposit cash in Indian currency in NRE a/c ?

    ReplyDelete