The Citibank Preferred Rupee Checking Account, which is a savings account held in India, helps Indians away from home in meeting all monetary needs back in the country.
NRIs and Indian travellors with valid passport and visa can open the Preferred Rupee Checking Account. The account can either be an NRE or NRO Account and can be opened with an initial credit of USD 5,000 or an equivalent.
After opening the account, the holder can deposit money into the account from anywhere in the world. The account comes with several advantages such as good exchange rates for money transfer, priority service platform, ATM/debit card for kin in India and international ATM/ debit Card at no charge for NRE account-holders.