'Easy NRI Account' has been designed with an objective to simplify the banking experience. With a low monthly average balance requirement of just Rs 2,000, the account also offers nil charges for the non-maintenance of minimum balance, as long as the customer has remitted a sum of Rs 20,000 to the account over the preceding three months, thus allowing the customers for easy remittances without worrying about minimum balance maintenance.
"Our experience of serving 1.5 million NRI customers for over a decade has helped us gain valuable insights into their lives. These insights have led to the development of the 'Easy NRI Account'.
"We are confident that this product will enable our customers to carry out their day-to-day banking transactions as well as remittances in a simple and hassle free manner," Rajiv Sabharwal, Executive Director, ICICI Bank said.
For people who are more comfortable monitoring their account activity through passbooks, 'Easy NRI Account' issues a passbook to every account holder that 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 the NRI customers to save easily and automatically.