NRI or Non Resident Indian, refers to those Indian citizens who have migrated abroad and are working there or are living there or those who are of Indian Origin but were born outside and have a different citizenship. In simple words it refers to all those Indian citizens or Indians who do not reside within the country.
But NRI’s are eligible to avail several banking services in India. Some of these services provided by banks are available on their respective websites for individuals to browse through. There are many different NRI services in India:
• One of the major benefits provided by banks is that they have numerous branches and ATMs all over the world and also maintain a global corresponding network.
• The banks also make provision of different types of accounts that an NRI can open. They are savings accounts, current accounts, accounts for NRIs, Offshore accounts and deposits as well as over draft against deposits. The individual may also select from a variety of options such as NRE or NRO or FCNR(B) or RFC accounts, keeping in mind the type of account (savings or fixed or both) they wish to have and the term of investment of their choice.
• Banks also provide premium banking services such as Classic banking, Preferred Banking and Imperia Banking to their NRI clients.
• NRIs can also apply for Home Loans and Loan against Securities through Indian banks.
• Besides enjoying the service of loans they can also look forward to investing in various form of Fixed Deposits, Mutual Funds, Equities and Derivatives, Private Banking, Life Insurance, Research Reports of Investments or Portfolio Investment Schemes.
• Banks also provide Life Insurance services for NRIs.
• NRIs can make payments via Billpay, Direct pay and Instapay Netsafe. They can also make Online Donations as well as make the most of online banking and banking through the use of phone apps.
• NRIs are also able to send money to India from any part of the world that they are residing or working in.
• Another major benefit is that different types of customer services are provided to NRIs. They can either dial toll free numbers to enquire about their queries. They can also find an Overseas P.O. Box or access points or file a complaint form or write queries on bank websites or also refer to bank service channel options in case of any questions.
All the services that are provided also include tax free interest income in India along with some other benefits as well. Thus NRIs can make the most of these services which make banking easier and faster.
But NRI’s are eligible to avail several banking services in India. Some of these services provided by banks are available on their respective websites for individuals to browse through. There are many different NRI services in India:
• One of the major benefits provided by banks is that they have numerous branches and ATMs all over the world and also maintain a global corresponding network.
• The banks also make provision of different types of accounts that an NRI can open. They are savings accounts, current accounts, accounts for NRIs, Offshore accounts and deposits as well as over draft against deposits. The individual may also select from a variety of options such as NRE or NRO or FCNR(B) or RFC accounts, keeping in mind the type of account (savings or fixed or both) they wish to have and the term of investment of their choice.
• Banks also provide premium banking services such as Classic banking, Preferred Banking and Imperia Banking to their NRI clients.
• NRIs can also apply for Home Loans and Loan against Securities through Indian banks.
• Besides enjoying the service of loans they can also look forward to investing in various form of Fixed Deposits, Mutual Funds, Equities and Derivatives, Private Banking, Life Insurance, Research Reports of Investments or Portfolio Investment Schemes.
• Banks also provide Life Insurance services for NRIs.
• NRIs can make payments via Billpay, Direct pay and Instapay Netsafe. They can also make Online Donations as well as make the most of online banking and banking through the use of phone apps.
• NRIs are also able to send money to India from any part of the world that they are residing or working in.
• Another major benefit is that different types of customer services are provided to NRIs. They can either dial toll free numbers to enquire about their queries. They can also find an Overseas P.O. Box or access points or file a complaint form or write queries on bank websites or also refer to bank service channel options in case of any questions.
All the services that are provided also include tax free interest income in India along with some other benefits as well. Thus NRIs can make the most of these services which make banking easier and faster.
No comments:
Post a Comment