Student's Account in ICICI Bank

September 30, 2013 10:17
Student's Account in ICICI Bank

What is a Student's Account?

A Student's Account is an NRE (Non-Resident External) Savings Account, specially created for student's, so you can manage you finances with ease and convenience, when you are studying out of India.Features and Benefits

Low account balance: minimum balance required as low as INR 5,000 only.

Anytime, anywhere account access: with international ATM-cum-Debit card, convenient access at over 7400 ATMs and over 2500 branches all over India, and 24x7 phone and internet banking.

Beneficial interest rates: interest rate calculated on daily closing balances at 4% per annum. Interest paid half-yearly in September and March.

Easy movement of funds: Funds in NRE account are fully & freely repatriable

Tax benefits: Interest earned is not taxable in India.

FREE PO Box service to send your documents.Service Charges

You need to maintain a quarterly average balance of INR 5,000/- or a total relationship value (within the same customer identity number) of at least INR 25,000.

If you are unable to maintain this minimum balance, quarterly service charges of INR 750 + service tax will be levied.

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