ICICI Bank launches “Global Indian Account” facility

Country's largest private sector bank, ICICI Bank, has announced the launch of the "Global Indian Account" facility. This facility, the first of its kind in India, addresses the complete banking needs of Indians moving overseas.

The bank stated in a release that, the customers prior to their departure from India, will have a bank kit comprising the host country bank account, debit card and internet banking deliverables, subject to regulatory requirements.

The Global Indian Account facility will be available for Indians moving to UK, US and Canada for work, study or immigration.

Customers will have the opportunity to complete the documentation required for the host country account in India itself.

Along with this account, they would also get a non-resident rupee account in India, which would facilitate instant money transfers between their host country account and their India account. This would help them manage their India banking requirements when away from India.

The bank plans to focus more on enhancing its wealth management business and value-added services such as mobile and internet banking this year.