Chandigarh: Indian Bank has launched new NRE Savings Account variants and premium debit cards for Non-Resident Indians (NRIs).
The new accounts cater to the evolving financial needs of NRIs. They come with high-end debit cards—IND D’Elite, IND Premium, and IND Plus. These cards offer benefits such as domestic and international airport lounge access, personal accident cover, and exclusive loyalty rewards.
Indian Bank’s MD and CEO Binod Kumar said the bank aims to deliver secure and convenient digital banking experiences for NRIs. “Our latest offerings strengthen our bond with the global Indian community,” he said.
Indian Bank said the new products blend traditional banking trust with modern features. The bank aims to position itself as a reliable partner for NRIs worldwide.
In a separate development, Canara Bank has announced that it will no longer require customers to maintain an Average Monthly Balance (AMB) in any of its savings bank (SB) accounts. The new rule applies to all SB accounts, including regular savings, salary, and NRI accounts.
With this move, Canara Bank becomes the first major public sector bank to completely do away with AMB-related penalties across all account categories.
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