Barclays Bank’s NRI services launched ‘Barclays NRI Dual Account’ (BDA) proposition, designed for Indian students studying in the United Kingdom. Under this proposition, students can now avail of a host of banking services which are simple, easy and convenient.
UK has always been a favoured destination for Indian students. In fact, 30 per cent of the total number of Indian students who apply for graduate and post graduate courses abroad choose UK as their preferred destination. The BDA allows one to access an ‘International Students Account’ in the UK and a ‘NRE Savings Account’ in India at the same time.
Speaking on this occasion, Ram Gopal, Interim Managing Director, India, Barclays Global Retail and Commercial Bank said, “The United Kingdom is an important destination for Indian students who wish to pursue further studies overseas. We at Barclays realized that with the growing number of students focusing on the UK, there is a definite need for banking products and services that cater to the current and emerging needs of the Indian student overseas.”
Some of the key features of BDA include:
- A zero balance NRI saving account
- Higher cash withdrawal and point of sale limits of Rs. 50,000/- (approximately GBP 600/-).
- Free online or branch based money transfer from the UK to India
- Access to over 1700 branches and 3000 ATMs across the UK through the UK account
- Free international ATM cum debit card
- And a host of other offerings
Applying for BDA is simple. The account holder needs to provide basic KYC (know your customer) related documents which will help facilitate the account opening process. Once the account is opened, the student can access the new NRE and NRO accounts almost immediately.
As a global bank, Barclays caters to a diverse set of customers by offering them products and services that are tailored to their needs. Our NRI Banking service is a world class banking experience for customers, who want to bank in India. We have a range of financial products that are designed to address your specific banking needs.
Barclays Global Retail & Commercial Bank, India
Barclays GRCB India, launched its commercial banking services in the country in November 2006 and followed it up with the launch of its retail services in May 2007. Barclays GRCB business has built a strong franchise in India over the past two and a half years with over 900,000 clients and customers. Barclays continues to be committed to India through its six Barclays entities including Global Retail and Commercial Banking, Barclays Capital, Barclays Wealth and specialist technology and BPO centres of excellence. India is one of the leading markets for Barclays Plc.
Barclays GRCB India is headquartered in Mumbai and has established its presence in five other cities– New Delhi, Nelamangala (near Bengaluru), Kanchipuram (near Chennai), Junagarh (Gujarat) and Ahmednagar (Maharashtra). Barclays Finance, the non banking finance arm of Barclays has a presence across 49 cities with over 110 distribution points.
About Barclays Global Retail and Commercial Banking (GRCB):
Barclays Global Retail and Commercial Banking (GRCB) encompasses all of Barclays retail and commercial banking businesses around the world. Operating in 28 countries, Barclays GRCB comprises UK Retail Banking, Barclays Commercial Bank, Barclaycard, GRCB Western Europe, GRCB Emerging Markets and GRCB Absa (Barclays Bank PLC owns 58.8% of Absa Group Limited). Barclays GRCB serves 49 million customers and clients around the globe through a network of more than 4,800 distribution points.
To find out more about the individual Barclays GRCB businesses, please visit our website ww.barclays.com
About Barclays:
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people.
Barclays moves, lends, invests and protects money for over 49 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com
