ICICI Bank introduces special festive offers for NRIs : Flat Processing Fee of Rs. 5,000 On Home Loans...


 * *   Special offers on home loans. Property search assistance

* *   77 medical tests at Thyrocare worth Rs. 5,000 for only Rs. 1,500

* *   Preferential rate on foreign currency conversion

* *  No minimum balance savings account for family members

ICICI Bank, the largest private sector lender in India, recently introduced a bouquet of products & services for its non-resident customers.

 The bank is offering preferential rate on foreign currency conversion, giving special offers on housing loans and providing assistance for searching properties.


Non-resident customers of ICICI Bank can also avail as many as 77 medical tests at discounted price, while their family members can open no-minimum-balance savings account with the private lender.

Mr. Rajiv Sabharwal, Executive Director, ICICI Bank, said. “We have decided to delight our NRI customers this festive season with a comprehensive bouquet of services to cater to their various needs, right from healthcare and buying a home to their foreign exchange requirements and their family’s banking needs in India” 

The private sector lender will charge a flat processing fee of Rs. 5,000 on home loans up to Rs. 75 lakh and Rs. 10,000 on housing loans above Rs. 75 lakh.

The special offer is applicable for new NRI home loans. It is valid for loans sanctioned up to October 31, 2013.

The bank also has a referral arrangement with its arm ICICI Home Finance Company, which provides property search facility in India.

ICICI Bank has also partnered with Thyrocare Technologies, a clinical diagnostic laboratory, to offer customers special discounts on preventive health check-ups.

Non-resident customers can collect coupons from select ICICI Bank branches in India and get medical tests worth Rs. 5,000 for Rs .1,500. The offer is available both to non-resident customers as well as their family members.
 
For a limited period, non-resident customers of the bank can also avail a range of preferential rates on foreign currency conversion at select branches in India. The preferential rates will vary depending on the currency and amount to be converted.

HOME LOAN OFFER:
Terms and conditions : "Flat processing fee of Rs. 5,000 on home loans up toRs. 75,00,000 and Rs. 10,000 on home loans above Rs. 75,00,000"
·    To avail this offer, while placing a request for a home loan at any ICICI Bank branch in India, the customer has to request for the flat processing fee on home loans offer.
·    Administrative Fees :
o      For loan upto Rs. 75 lacs - Rs. 5,000 + ST
o      For loans greater than Rs. 75 lacs - Flat fee of Rs. 10,000 including ST
The special offer is valid for loans sanctioned Upto 31st October 2013.

·    The offer is applicable for new NRI home Loans and NRI balance.
·    Repayment from ICICI Bank account is mandatory for availing special offer.
·    CERSAI charges along with applicable service tax would be applicable over and above the fees.
·    For loans below Rs. 10,00,000 processing fee of 0.5 % on the loan amount would be applicable. Service tax and CERSAI charges along with applicable service tax additional.
 
"No Minimum Balance Savings Account" Offer 
Terms and Conditions
 ·  The mandate holder/family member* of NRI customer needs to visit an ICICI Bank branch and request for no minimum balance savings account opening in his/her name
 ·  The following need to be provided during the time of account opening:
 ·  Regular documents required for account opening**
 ·  Relationship proof (not required in case of mandate holders)
 ·  NRI account holder's customer ID
 ·  Mandate holder ID (required only in case of mandate holders)
 ·  Initial funding amount of Rs. 1000 or above (by cheque or cash) needs to be provided
 ·  *Family member indicates blood relative - Parents, spouse, children
 ·  ** Branch staff would guide the customer on the regular documents required

About ICICI Bank Ltd: ICICI Bank Limited..
 (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of US $124 billion at March 31, 2013. 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 19 countries, including India.

About ICICI Bank NRI Services:

ICICI Bank is one of the most preferred banks for NRIs in the world. It has over 1.5 million NRI customers and it processes over 2 lakh NRI transactions a month.

ICICI Bank offers a comprehensive range of products which include attractive interest rate deposits, exclusive privileges with value added products and remittance products.

The Bank strives to provide the best in banking experience to its NRI customers. The bank offers customised solutions for all banking needs of its NRI customers with a focus on:

·      Easy Access to customers with its 24x7 and low cost remote banking channels like internet banking and phone banking

·      Value to Customer with its premium savings account with exclusive privileges

·      Service is a key building block of its offering with its focus on cutting edge technology aimed at ensuring banking convenience for its customers both when they are overseas as well as when they are in India.


For Press Queries:
Mr. Sujit Ganguli
Senior General Manager & Head - Corporate Communications & Brand
ICICI Bank Limited
Bandra Kurla Complex, Mumbai – 400051

E-mail: ganguli.sujit@icicibank.com
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