KOCHI:
Federal Bank launched an exclusive NR savings account scheme for Seafarer segment. This scheme is specially curated and crafted for the mariners and offers best in class services clubbed with state-of-the-art digital banking platforms that allows the mariners to execute banking transactions seamlessly, irrespective of the geo coordinates and time zone differences. The scheme is available in both NRE SB and NRO SB variant.
The facilities offered in the scheme are preferential exchange rate for monthly inward remittances, premium debit card with domestic airport lounge access, linked zero balance NRO account and bespoke financial planning and customized wealth management products and services.
Officially launching the account scheme, Shalini Warrier, Executive Director of the Bank remarked “Federal Bank has always been a pioneer in the Non Resident customer segment. With a market share of over 6.6% in this business, along with a market share in excess of 17% in personal inward remittances to India, the Bank lives by the mantra of “Digital at the fore, human at the core”. This unique product, designed to cater for the needs of our seafarers, is one more step in that direction. The unique features and benefits will surely be an attractive proposition for customers who are part of the growing maritime industry”.
more recommended stories
Genrobotics Wins NASSCOM Emerge 50 Award for G Gaiter AI-based Robotic Gait TrainerBENGALURU:Genrobotics, a leader in advanced robotics.
Samsung Expands Its Galaxy Wearables Ecosystem in IndiaKOCHI:Samsung, India’s largest consumer electronics brand,.
Club Mahindra Launch’s ‘Club Mahindra Bharatpur’ in RajasthanMUMBAI:Club Mahindra, the flagship brand of.
India’s First Quantitative Framework for Online Real Money Games LaunchedKOCHI:India’s first comprehensive approach to classify.
HFCL Unveils Two Innovative UBR SolutionsNEW DELHI:HFCL Limited (HFCL), a leading.
Samsung Led the First Wave of India’s Festive Season Sale in 2024KOCHI:Smartphone sales grew 11% year-over-year in.
Kerala IT Hogs Limelight in India Startup Confluence at GITEX Global 2024THIRUVANANTHAPURAM:The innovative solutions and products by.
Mia by Tanishq Unveils Retro Glamour with the ‘Mia Disco’ CollectionKOCHI:As the festive season approaches, Mia.
Mahindra Finance Collaborates with Salesforce to Digitize MSME LendingMUMBAI:Mahindra Finance, part of the Mahindra.
Nearly 2 in 3 Accountants Say Ethical Dilemmas Have Become HarderMUMBAI:A report from the world’s leading.