IB Seafarer Account – NRE
To cater to the distinctive requirements of seafarers working in foreign shipping companies, we have introduced an exclusive NRE SB product named IB Seafarer Account NRE SB for sailors / mariners of Indian nationality. This is so designed as to help them meet their normal banking requirements with ease and convenience even while being at sea. It is loaded with features that are of special significance and value to them and gives them the feeling of not-at-sea when it comes to meeting the normal banking transactions.
Eligibility Criteria
|
AMB in NRE SB |
AMB in NRE SB + Term Deposit | AMB in NRE SB + Term Deposit |
| Rs. 2,00,000 | Rs. 1,00,000 + Rs. 10 Lakh | Rs. 50,000 + Rs. 25 Lakh |
While the Term Deposit (NRE TD, NRO TD, FCNR in the name of primary account holder) criterion is to be met at the time of onboarding itself, the Customer can build up the AMB in SB within 3 months of onboarding. A service charge of Rs.1000/- per month is applicable, if required AMB is not built up within 3 months’ time.
Facilities and concessions offered
Concessions in the service charges
| Cheque Book issuance | Free |
| DD/NEFT/IMPS/RTGS | Free |
| Collection of local cheques | Free |
| Debit Card issuance and AMC | Free |
| Concession on locker rent | 25% rebate (Cap Rs.3000/-) |
| Concession in Processing Fee for Car/Housing Loan | Available (conditions apply) |
Facilities offered in RuPay Select debit card
The product and features available with the debit card as under.
| Reward Points on debit card spends | Available |
| Loyalty offers/ tap to pay facility | Available |
| Daily Shopping limit | Rs. 1 Lakh |
| Daily domestic ATM withdrawal limit | Rs. 0.5 Lakh |
| Domestic airport lounge access in participating lounges as per the RUPAY lounge program | 1/ quarter in participating lounges. (Condition: Minimum spend of Rs.5000 using the RuPay Select Debit card on POS/ E Com site in the previous quarter) |
| Personal Accident Insurance Cover (Accidental Death or Permanent Total Disability) | Rs. 10 Lakh.
(Condition: There is a Debit card induced financial transaction at any POS (contactless / contact) or e-com, both Intra & Inter – bank i.e. on-us or off –us within 30 days prior to date of accident including accident date. |
| Health Check up | 1 Complementary health check-up package every quarter * |
| Beauty & Wellness | 1 Complementary SPA session or Salon service every quarter. *
1 Complementary Gym membership every quarter * |
| Sports | 1 Complementary Golf Lesson or Round every quarter * |
| OTT | 1 Complementary 12 months Amazon Prime or Hotstar membership or Sony Liv membership every year.* |
| Other facilities under Debit Card | 1 Complementary INR 100 coupon for cab service every quarter.* |
* These privileges can be availed in specified centres as offered for RuPay Select Debit Card holders.
Note: All the above features/facility offered as part of RuPay Select Debit card are subject to changes as and when made by NPCI.
Access to FX Retail platform for special rates
Customers holding Seafarer Account with balance of Rs.1,00,000/- or more will be provided with the access to FX Retail platform, which enables them to check and confirm conversion rates directly.
Indian Bank. “Your Own Bank, Always with You”
Disclaimer: https://indianbank.bank.in/departments/disclaimer/
