Citibank launches preferred rupee checking account for NRIs.
Global Banking News - 06 May 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Citibank NA (NYSE: C) announced the launch of the Preferred Rupee Checking Account, a niche offering for Non Resident Indians (NRI).
The features of the Citibank Preferred Rupee Checking Account include a dedicated priority service platform, superior foreign exchange rates on inward remittances, lower service charges on a range of banking services and custom-designed privileges on some characteristic India-oriented requirements of NRIs.
The Preferred Rupee Checking Account will be an account domiciled in India and denominated in Rupees under the aegis of Reserve Bank of India. 'The Rupee Checking Account is our flagship product for the Non Resident Indian and we are delighted to complement this very successful offering with the launch of the Preferred Account. Recognising the subtle yet distinctive differences in the needs of the NRI, the Preferred Rupee Checking Account offers both transactional and lifestyle benefits. We are confident that our assembly of privileges for the Preferred Rupee Checking Account holder will help make his interactions with home more enjoyable and rewarding,' said N Rajashekaran, country business manager, Global Consumer Group, Citi India.
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