Bangalore, Jul 22: Citibank has unveiled a special India Investment Option for its Preferred Rupee Checking Account (PRCA), under which the bank offers a minimum balance waiver for a period of 20 years.
The Citibank Preferred Rupee Checking Account, a savings account held in India, is designed specially for the those who are away from home or those who constantly travel.
The PRCA account will help the holder meet all monetary and banking needs back in India. The holder can deposit money into the account from anywhere in the world and enjoy advantages such as good exchange rates for money transfer, priority service platform, and ATM/debit card for the family in India.
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.