| Deposits-Easy Receive Account -FAQs |
What is an Easy Receive Account? Easy receive account is a resident savings bank account for customers who receive remittances from abroad. This account will cater to the domestic banking needs while offering additional benefits for remittances received in the account. What is the advantage of Easy Receive Account over a regular savings bank account? The following are some of the special benefits available with the Easy Receive Account:
This account also provides the other regular benefits such as:
How can I apply for an Easy Receive Account? You can approach us in any of the following ways:
Do I need an introduction from an existing ICICI Bank account holder? An introduction from an existing ICICI Bank account holder is not required if you are submitting proof of identity and address documents, as prescribed. However, if you do not possess any satisfactory proof of address document, then an introduction from an ICICI Bank account holder, having a satisfactory relationship of more than six months, is required. What is the minimum balance requirement for an Easy Receive Account? The minimum, average quarterly balance is zero, if you receive at least one foreign inward remittance during the quarter. Otherwise, a minimum, average quarterly balance of Rs.5000 will have to be maintained.Can the Easy Receive Account be a joint account? Yes, an Easy Receive Account can be opened as a joint account..
What are the documents required for opening an Easy Receive Account? The following documents are required:
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