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NR Savings Account Scheme for the Seafarer Segment – Federal Bank

Published on June 05, 2021
Current Context: The Federal Bank launched the NR savings account scheme for the Seafarer segment.
NR Savings Account Scheme for the Seafarer Segment – Federal Bank
  • It was launched for mariners.
  • The services under the schemes are integrated into the digital platform so that digital banking under the schemes can be performed by the mariners.
  • The scheme grants preferential exchange rate for monthly inward remittances, premium debit card with domestic airport lounge access, linked zero balance NRO account, and bespoke financial planning and customised wealth management products and services.
  • The scheme is available in two variants namely NRE SB(Non-Resident External Saving Account) and NRO SB (Non-Resident Ordinary Saving Account).
  • Static Part: 
    • HQ of Fedearl Bank: Aluva, Kerala
    • Tagline of Federal Bank: Your Perfect Banking Partner
    • MD and CEO of Federal Bank: Shyam Srinivasan

Question: 

Q.1 Which bank launched the NR savings account scheme for the Seafarer segment.
a. IndusInd Bank
b. South Indian Bank
c. Karnataka Bank
d. Federal Bank

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