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Home -> Finance -> Full Story
A unique facility for NRIs to send money home
By By Our Correspondent
Monday, March 25 2002 16:48 Hrs (IST)

Mumbai: Sachin woke suddenly. It was almost 10.00 pm in California on a Saturday night. He suddenly remembered that Holi was around the corner and he was yet to send his mother - home in India, money for the festivities . Holi smoke! He had to send money home immediately.

He logged on to his computer. A few minutes later a draft was on the way to his mother and It just took a few seconds with the Citibank Rupee Checking Account, according to an official press release.

For many non-resident Indians (NRIs) like him, the Rupee Checking Account is probably the easiest way to meet financial commitments in India. With a deposit of just $ 1,000 this account can be opened in any of the 12 Citibank branches in India - Ahmedabad, Bangalore, Baroda, Calcutta, Chennai, Delhi, Hyderabad, Jaipur, Mumbai Pune, Coimbatore and Ludhiana.

Free courier of drafts to more than 300 cities in India is another added incentive. The representative of the NRI in India is provided with an ATM card as well as a cheque book, which allows for easy and exclusive access, the release said.

The ATM card may be used at more than 700 locations in 70 cities in India. It can also be used at over 400,000 Cirrus machines around the world to draw foreign currency.

Offering easy access to funds in India and overseas, this account is accessible through Citibank Online Internet Banking and Phone Banking facilities 24 hours a day and seven days a week.

In addition, free money transfers as well as other unique facilities such as free drafts make this account an answer to every NRI’s prayers, the release added.

To open your Rupee Checking Account click here




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