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ICICI Bank NRI deposit scheme

Our Bureau

Mumbai, Nov. 13

ICICI Bank has introduced a new product `NRI SmartSave Deposits', a fixed deposit scheme for non-resident Indians. Under this scheme, a customer who has a fixed deposit in any bank's overseas branch can get the amount transferred to ICICI Bank in India on maturity, said a press release from the bank.

The bank will settle all the paper work. Even after the amount is transferred to India, the deposit will continue to remain on NRE/NRO savings account, said the release. The bank is also offering free international credit card insurance and free personal accident insurance with the scheme.

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