ICICI Bank India Launches a Completely Online and Paperless Account Opening Facility for NRIs in the US
NEW YORK, January 15, 2015 /PRNewswire/ --
ICICI Bank (NYSE:IBN), India's largest private sector bank, has announced the launch of a completely online account opening facility, for NRIs (Non Resident Indian) residing in the US. With this first of its kind paperless account opening facility, NRIs can open an NRI savings account with ICICI Bank (Limited) India in a single session on its website, eliminating the hassles of sending physical documents across continents.
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Mr. Vijay Chandok, President, ICICI Bank, said, "We have always leveraged technology to bring forth digital innovations, ensuring a world class banking experience for our customers. This completely online and paperless account opening is a pioneering service as it transforms the way a customer opens an account. We are confident that this facility will provide utmost convenience to our NRI customers. We believe that this initiative is yet another testimony of our deep commitment to the philosophy of 'khayaal aapka' wherein we put the customer's needs as the focal point of our business."
ICICI Bank is the first Indian bank to offer this facility to its NRI customers in the US enabling them to open an account within two working days.
To open an account an NRI simply needs to:
- Fill in the application form online on the bank's website in addition to accepting the terms and conditions
- Scan and upload self-photograph, signature, address proof, passport and visa copy along with any additional documents (if prompted for)
The account is opened by the bank upon successful verification of the uploaded documents. Thereafter, the customer can transfer monies into the account, after which debit card and other deliverables are sent to the customer's registered address.
About ICICI Bank Ltd (NYSE:IBN): ICICI Bank Limited is India's largest private sector bank and the second largest bank in the country with consolidated total assets of US $ 124.76 billion at March 31, 2014. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 18 countries, including India
About ICICI Bank India NRI Services: ICICI Bank India is one of the most preferred banks for NRIs in the world. It reaches out to NRIs in over 150 countries. Serving more than 1.5 million NRIs over the last decade, it continues to be the trusted choice of Indians abroad. The bank with its rich experience and expertise deploys technology to deliver the best in banking experience to its NRI customers. The bank offers solutions to NRI customers with a focus on:
- Comprehensive product suite addressing specific financial needs of the NRI
- Round the clock availability through various channels to ensure convenience for the NRI
- Usage of cutting edge technology to deliver efficiency & ease
Disclaimer in the US:
ICICI Bank Limited ("ICICI Bank") is incorporated in India and regulated by the Reserve Bank of India and maintains its corporate office in Mumbai, India. The products and/ or services provided by ICICI Bank Limited are subject to product/service specific terms and conditions ("Terms and Conditions"). The products and/ or services are also subject to Reserve Bank of India rules/regulations, prevailing foreign exchange regulations and other applicable laws in India and elsewhere. Please familiarize yourself with the applicable Terms and Conditions, as made available at http://www.icicibank.com/nri-banking. ICICI Bank reserves the right to modify/change all or any of the Terms and Conditions governing the products and/ or services. ICICI Bank also reserves the right to discontinue the products and/ or services without assigning any reasons whatsoever. Any references to timelines or service levels are only indicative and should not be construed to reflect any commitment by ICICI Bank or any other third party service provider.
For U.S customers: The overseas products and services are not the products and/ or services of ICICI Bank Limited, New York Branch. The products and/ or services are not subject to U.S. laws and are not eligible for or covered by deposit insurance of the Federal Deposit Insurance Corporation.
The information contained in this document is not intended to nor should it be construed to represent that ICICI Bank provides any products or services in any jurisdiction where it is not licensed or registered or authorized to do so. The information provided herein is not intended nor should it be construed to represent that ICICI Bank is soliciting and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank.
Media Contact: Kausik Datta, [email protected] , +91-22-40087026, Head - Corporate Communications, ICICI Bank Ltd.
SOURCE ICICI Bank Limited
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