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  #1  
23rd December 2017, 04:24 PM
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NRI Indian Bank

I am from Dubai shifted to India planning to open an account in the Indian Bank searching for account opening details for NRI. Will you provide Indian Bank NRI account opening details also tell is Nomination facility is available also provide bank contact details?
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  #2  
25th December 2017, 01:29 PM
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Join Date: Aug 2012
Re: NRI Indian Bank

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Indian Bank NRI account opening details:

(For Non-Resident Indians/Persons of Indian Origin)
Accounts can be opened by remittances from abroad deposit of foreign exchange brought into India transfer from existing self NRE/FCNR accounts.

Accounts can be opened jointly with any other Resident Indian.

Non-Resident Indians can appoint Residents to operate their NRO accounts for local payments through a power of attorney/letter of authority.

Withdrawals for local payments allowed without Reserve Bank of Indias approval.

Standing instructions can be undertaken for periodic payments of insurance premia, school fees, etc.

Loan/overdraft facilities are available against the deposit.

Nomination facility is available.

Interest on the deposit is taxable under Indian Income Tax

Funds in these accounts can be repatriated upto USD 1 milion after payment of applicable taxes.
Transfer to NRE account is permitted up to USD 1.00 mio per Financial Year within the overall ceiling of USD 1.00 mio after payment of applicable taxes and production of CA certificate.

Contact:

Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300

National Toll Free No.
1800 425 00 000
National Toll Free No. ( for ATM only )
1800 425 4422


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