Bank of Baroda NRI Account Opening in UAE

Bank of Baroda, one of the leading Indian banks, has set up India Desk at its Dubai main branch to cater to the specific needs of NRI customers and provide the best banking services. NRIs living in the UAE can avail full-fledged banking facilities at any of the Bank of Baroda UAE branches across Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Al Ain. For example, you can apply for Bank of Baroda NRI account opening in UAE to complete banking transactions in India, such as remittance, NRI FD account opening, home loan application, etc.

Citibank NRI Account: Open NRI Account Online

Citibank India offers a varied range of banking services to its NRI customers, including NRI accounts, term deposits, internet and mobile banking, international wire transfer, debit card, repatriation, etc. Citibank India helps NRIs manage their finance and banking needs in India. With a Citibank NRI account, NRI customers can deposit and manage their foreign income earned outside India. There are two types of NRI savings accounts extended by the bank - Non-Resident External (NRO) and Non-Resident Ordinary (NRO) Accounts. Citibank NRE account is one of the 10 best NRE savings accounts for NRIs in 2021.

Best Digital Banking Services for NRIs (Non-Resident Indians)

Over the last 2 decades, there has been a high increase in the number of Indians moving abroad for education, jobs and business. According to the Ministry of External Affairs’ data, there are over 1.36 crore Indian nationals living abroad. These individuals, popularly known as Non-Resident Indians (NRIs), often need to do several banking and financial transactions in India, such as NRI accounts opening, investment in Indian market, applying for bank loans, remittance, etc. Since visiting a bank branch is not possible, NRIs are greatly dependent on digital banking services while staying abroad. Here are the best digital banking services for NRIs.

NRI Account Opening in Saudi Arabia: Features & Benefits

Indians in Saudi Arabia are the largest community of expatriates in the country that includes Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). Indians living in Saudi Arabia can open an NRI account to avail a host of banking facilities. Some prominent Indian banks operate in Saudi Arabia through their branches/ representative offices or online to offer banking facilities for NRIs. Indians living in Saudi Arabia can apply for NRI account opening in Saudi Arabia with Indian banks like SBI, ICICI Bank, HDFC Bank, Bank of Baroda, Union Bank, etc. They can apply for NRI account opening online or visit a branch or representative office of the bank.

Credit Card Forex Payments under LRS

With the advent of credit cards and their widespread acceptance, individuals have increasingly relied on them for making purchases abroad. Recognizing this trend, the finance ministry has introduced amendments to the FEMA, specifically targeting credit card forex payments under the Liberalised Remittance Scheme (LRS). In this blog post, we will delve into the details of credit card forex payments under LRS, exploring the implications, benefits, and guidelines for individuals looking to engage in international spending.

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