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You are here ->NRI Services -> Define NRI

 
 

  NRI-Definition

 

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who ever can be an NRI:

 

  • NON RESIDENT INDIANS (NRI)

    An Indian citizen or a foreign citizen of Indian origin who stays abroad for employment/carrying on business or vocation or under circumstances indicating an intention for an uncertain duration of stay abroad is NON-RESIDENT INDIAN (NRI)
  • FOREIGN CITIZENS OF INDIAN ORIGIN

    For the purposes of availing of the facilities of opening and maintenance of bank accounts, a foreign citizen ( but not a citizen of Pakistan or Bangladesh ) is deemed to be of Indian Origin, if he, at any time was an Indian citizen or either of his parents or any of his grandparents was a citizen of India.A spouse ( not being a citizen of Pakistan or Bangladesh ) of an NRI is also treated as an NRI for the above purposes. For investments in shares/securities in India, a foreign citizen ( but not a citizen of Pakistan or Bangladesh or Sri Lanka ) is deemed to be of Indian Origin, subject to satisfaction of the other conditions above.For investments in immovable properties, a foreign citizen ( but not a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Nepal or Sri Lanka) is deemed to be of Indian Origin, if he, at any time, wan an Indian citizen or his father or paternal grandfather was an Indian citizen.

  • NRIs RETURNING TO INDIA.
CHAIRMANs Speech

CHAIRMANs Speech at the 82nd Annual General Meeting on 28th August 2009

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Annual General Meeting

Notice is hereby given that the 83rd Annual General Meeting of the members of the Bank will be held at Registered Office on Wednesday, the 04th August, 2010 at 10.00 a.m.

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ATM Claim Format

Customers are requested to submit ATM Claims as per the format enclosed.

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Switching from Benchmark Prime Lending Rate to Base Rate

Base Rate of our Bank is 8.75 percent p.a with effect from 1st July 2010

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Audited Financial Results for the year ended 31st March, 2010

Audited Financial Results of our Bank for the year ended 31st March, 2010

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