Citibank Rupee Checking Account for NRIs
With this power-packed account, your family in India can use their own ATM / Debit Card to make transactions on the account. And since the account is in India, you can transfer money easily2. It lets you avail innumerable financial services as well, such as Insurance3 and Investments3, sitting right where you are! Pay your family's Utility Bills - such as Electricity, Telephone and Mobile Phone Bills, and give them absolute comfort. With this account, you can send gifts online to your loved ones back home at special discount rates.
With a FREE International ATM / Debit Card4, this is an account that truly makes you global. It is a financial partner that takes you closer to your home and gives you international facilities.
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1 Once you open the Rupee Checking Account, you can issue a Demand Draft/ Pay Order by using our Internet Banking facility. All demand drafts ordered are absolutely free of cost. The drafts will be issued in India and couriered directly to the beneficiary within 2 banking days. Your beneficiary would receive the same within 5 banking days from the date of receipt of your instructions. This service is currently available over 700 locations across India and there are over 324 locations in India where Citibank has courier tie-ups with. If the location of your beneficiary is not one of the courier tie-up locations, the demand draft would be sent by registered post.
2 Any conversion from one currency to another shall be at the rate of conversion as applicable and determined by the bank as on the transaction date. Citibank's conversion rate for both incoming and outgoing transfers denominated in a foreign currency includes a commission for the conversion service. In the absence of the special offer, the minimum balance required to open a Citibank Rupee Checking Account is USD 1000. Also an average monthly balance of USD 1000 needs to be maintained to avoid levy of Service Charges (USD 10 per month). The charges of operating and transacting on the Rupee Checking Account may change from time to time based on the sole discretion of Citibank, N.A., India.
3 This product is not available in all locations.
4 For NRE Account holders only.
5 The gift will be delivered 6-8 weeks after account opening.The goods providers shall be solely responsible to the customer to render the goods and Citibank, N.A., and its affiliates shall not be responsible or liable for any deficiency or defect in the same including, but not limited to, deficient or defective quality, delivery, quantity etc., and shall not be made party to any disputes between the customer and any such goods/service(s) providers. The customer shall not hold Citibank, N.A. and its affiliates liable for any non-service, delayed service, faulty service or defective or damaged goods rendered by goods providers, and shall not contact/communicate in any manner whatsoever, inter alia, by electronic mail, telephone, post, or personal meeting with Citibank, N.A. and its affiliates or any of its personnel in this regard. This offer is not available for existing Rupee Checking Account customers.
6 Open your account before June15, 2007 with USD 1000 cheque value and get a waiver on the minimum balance for the next 10 years and a complimentary Bollywood Unlimited DVD+CD combination pack. Each Customer will get only one DVD combination pack even if two accounts are opened. Please Mention "Offer Code 730" while account opening. At the end of the offer period, an average monthly balance of USD 1000 is required to maintain the account to avoid levy of Service Charges (USD 10 per month).
Citibank and Arc Design is a service mark of Citibank N.A. or Citicorp. Citibank is a registered service mark of Citibank, N.A. or Citicorp. Citibank, N.A. 2005 - a member of Citigroup. The Rupee Checking Account is an account held with Citibank, N.A., India and the interest accrued on credit balances therein shall be at such rate as determined, from time to time, by Citibank, N.A., India in accordance with applicable Indian law. All Rupee Deposits, Rupee Checking Accounts and FCNR Deposits are with, and payable solely at and by, the specific branch of Citibank, N.A., India, where such deposit/account is held, as per Reserve Bank of India rules, and in accordance with and subject to the laws of India, including any governmental actions, orders, decrees and regulations. Neither Citibank, N.A., India nor any other branch or office of Citibank, N.A. will be liable for loss due to failure to repay any deposit due to any act beyond the control of Citibank, N.A., India, including any act of the State, political disputes, civil commotion, war, expropriation or unrest or any other cause beyond the reasonable control of the paying branch of Citibank, N.A., India. Deposits at Citibank, N.A.(India branches) are not insured by the FDIC or any other U.S. government agency or any insurance corporation outside India. Any conversion from one currency to another shall be at the rate of conversion as applicable and determined by the bank as on the transaction date. Citibank's conversion rate for both incoming and outgoing transfers denominated in a foreign currency includes a commission for the conversion service. For detailed Terms and Conditions, please refer to the Rupee Checking Account Opening form.
Additional Information for U.K. residents:
Citibank, N.A. is regulated by the Financial Services Authority. Registered in England No. BR001018. Citigroup Center, Canada Square, London E14 5LB. VAT No. GB 429 6256 29. Ultimately owned by Citigroup Inc. New York, USA. Compensation under the U.K. Financial Ombudsman Scheme is not available.