Chennai: Fincare Small Finance Bank has launched its NRI Banking services on the sidelines of the inauguration of its fourth outlet in Ahmedabad. The offerings are available pan India.
The SFB’s NR product allows NRI customers to deposit their overseas earnings in India. The account can be opened either by visiting the branch or by bank officials visiting the customer at their convenience, during their visit home to India, a release from Fincare stated.
Features of the product include- nine per cent interest per annum on NR fixed deposits, flexibility on interest payments and hassle free maintenance of multiple accounts.
The bank has said it will be introducing the complete basket of NRI products over the next few months.
MD and CEO, Fincare SFB, Rajeev Yadav, said, “With continuous effort on growth and diversification, the launch of NR product is a step towards offering a vast array of products to our customers. We are seeing an encouraging demand for the newly launched products, especially in this NR homecoming season. We welcome NRs to come and experience Fincare SFB’s NR banking services.”