ICICI Bank unveils two new saving account products for NRI customers

ICICI Bank, India's largest private sector lender, has unveiled two new saving account products - NRI Pro and NRI Premia for NRI customers. NRI customers can choose from two types of regular savings accounts NRE and NRO. An NRE savings account is used for overseas income and an NRO savings account is mainly used for income earned in India like, for example, rental income. In addition to offering regular savings account benefits, the NRI Pro savings account offers NRI customers value-added features such as priority service, preferential rates on money transfers and banking benefits for family members based in India. The NRI Premia savings account will offer all the benefits of a NRI Pro savings account along with access to a dedicated relationship manager to take care of the customer's banking needs, and a travel insurance bouquet which includes air accident coverage of up to Rs 1 crore. ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.