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Monday, September 9, 2013

Kotak Mahindra Bank's 'Onam' sop for NRIs

Seeking to strengthen its NRI business, Kotak Mahindra Bank has come out with an offer of discount vouchers worth Rs 30,000 for those opening NRE and NRO accounts with its branches in Kerala in September and October this year.

Termed as 'Onam bonanza" as it coincides with Keralites' most important festival, the discount vouchers could be used for making purchases with some of state's leading jewellers and shops or enjoying the hospitality of major restaurants, a senior executive of KMB told a press meet here today.

Those opening Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts in any of the seven branches of the branch could avail the offer. The existing account holders could also benefit from it by introducing new NRI customers, KMB Executive Vice-President Deepak Sharma said.

The bank has seven branches in the state including those at Kochi, Kozhikode and Thiruvananthapuram.

Holding that it has a strong online platform, Sharma said KMB offered its products and services to its clientele around the world without being affected by the geographical or time zone constraints.

Also it had tie-up with various exchange houses in the Gulf Co-operation Council (GCC) region enabling it to serve the NRI customers.

The bank had recently introduced toll free numbers in six countries from where customers could call the bank's NRI centre.

Source: EconomicTimes


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