NRIs coming to India? IndusInd Bank welcomes with their best-in-class NRI Banking services

Posted on Tuesday, December 27th, 2022 | By IndusInd Bank

India has the largest number of people living abroad – 32 million or 3.2 crores! Considering the large non-resident population, it comes as no surprise that there is a high demand for money transfers or remittances to and from India. A few of the top countries with the greatest number of transaction requests are – the US, UK, Qatar, UAE, China, Oman, Germany, France, Canada, Kuwait, Saudi Arabia, and Australia. Managing your finances while living abroad is not easy, especially when you have dependent loved ones still living in India. If you are an NRI, and are worried about money management or waiting to return to spend the winter vacation with your family in India, then this post is for you. 

NRI Remittances

With $87 billion in remittances in 2021, as per the World Bank, India is the largest recipient of global remittances. This figure is expected to soar to $100 billion in 2022.It reflects the power of the Indian diaspora around the world which has received rave reviews for its contribution to science, IT services, finance, and more. 

As an NRI, you may have dependents to look after in the country you reside in and another one in India. It’s taxing to leave parents or other dependents in India in search of better opportunities abroad, but it’s harder to not be able to see them physically for years. If Covid-19 taught us anything, it’s the relationships in our lives; the value our loved ones hold. With travel restrictions lifted, the end of the year brings hope and joy as it coincides with the wedding and vacation season.

If you have a pressing need to manage income originating in India from different sources such as a pension, rent, dividends, etc. or park your funds in Indian rupees to help your family manage their day-to-day expenses, then it is wise to open an NRE or NRO savings account to enjoy seamless NRI banking services.

NRI Banking Services by IndusInd Bank

To cater to the unique financial needs of 32 million non-resident Indians, IndusInd Bank has relaunched the NRI Homecoming festival. This festival is specially designed for NRIs visiting India and their loved ones after more than a year of covid related travel restrictions. Through this festival, NRIs can enjoy special financial banking solutions and enjoy best-in-class services. The bank provides one of the highest interest rates on savings accounts in the country, and it extends to the NRI segment as well. Some of the unique offerings of the festival are –

• Welcome Gift
• Banking on WhatsApp
• Best-In-Class Interest Rate
• Freedom to Choose your Account Number by ‘MY ACCOUNT MY NUMBER’
• Face-to-Face banking anytime anywhere through Video Branch

Existing IndusInd Bank NRI customers can enjoy complimentary heritage walk on their India visit across Mumbai, Delhi, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad, Amritsar, Cochin, Jaipur & Pune. Interested participant are requested to register for the Heritage walk by sending a request to nri@indusind.com from their registered email id with the Bank at least 4 days prior to  the scheduled tour along with the following details –

• Name of Account holder
• Contact No. (India)
• Date & City of Tour
• Tour Name
• No. of participants (Maximum 4)

So, if you too are visiting India after several years and want to celebrate to the fullest with your loved ones, make sure that your financial transactions are secure and uncomplicated by opening an NRI savings account. Seamlessly managing your income originating in India or depositing your foreign earnings in India by opening an NRE or NRO account is the best choice.

So, if you too are returning from the USA, UK, UAE, AU, CA, etc. this winter, get access to the grand welcome offer and open an NRI Savings Account. Give a MISSED CALL on 8820 111 333 or visit the bank at www.indusind.com/NRI.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.