Stanchart Bahrain launches new product for NRIs

Standard Chartered Bank Bahrain has announced the launch of a new Non-Resident Indian dual deposit account designed to help NRI customers with meeting financial commitments.

Standard Chartered Bank Bahrain has announced the launch of a new non-resident Indian (NRI) dual deposit account designed to help NRI customers with meeting financial commitments and low cost remittances.

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The new product allows Standard Chartered customers to open the account simultaneously in both India and Bahrain.

“We are proud to present our latest NRI dual deposit account that gives the customers and their family in Bahrain and India much more flexibility in managing their finances,” media reports quoted Standard Chartered Bahrain chief executive Jonathan Morris as saying.

The bank is also offering an early bird lifetime zero balance in their savings account in India, if the account is opened within the first six months of the launch.

Bahrain is home to around 290,000 expatriate Indians.