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Federal Bank launches Non-Resident SB Account ‘NRE Eve+’

Published on July 28, 2023
Current Context: Federal Bank has recently launched a new savings account scheme called NRE Eve+ for non-resident Indian (NRI) women. This scheme is designed to offer financial freedom and privileges to NRI women who travel frequently and have diverse banking needs.
Federal Bank launches Non-Resident SB Account ‘NRE Eve+’
  • A Master NRE Eve + Debit card with 75,000 daily limit for ATM withdrawal and 4,00,000 daily limit for POS/Shopping with airport lounge access, welcome on-board gifting and yearly birthday rewards.
  • Complimentary insurance up to 75.25L that includes personal and air accidental coverage, hospital cash benefit, child education benefit, and card protection.
  • Free unlimited at par cheque books, mobile alerts, internet banking, RTGS/NEFT facility, and email alerts.Wealth management support for investment in IPOs, mutual funds, and much more.
  • The minimum average monthly balance required for this scheme is ₹50,000. To open an account under this scheme, one can visit the nearest Federal Bank branch or apply online through the bank’s website.

Question:

Q.1 What is the name of the new savings account scheme launched by Federal Bank for NRI women?
a. NRE Eve
b. NRE Eve+
c. NRE Diva
d. NRE Diva+
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