Posted on: 30-07-06 15:39:57
Anyone having experiences with Citibank or ICICS overseas accounts .Which one is better Citibank came up with waiver of minimum deposits for twenty years if u r opening with 500 deposit and the other advantage is Citibank is in US too whereas ICICS is in Canada .ICICS service is horrible in Brampton atleast..?
Any inputs from those who have opened NRE or NRO Accounts.
I have an NRE account with Citibank. Their service is pretty good, i can even get exchange rates over the phone. Once i transferred money online directly into my BOI bank acc in India - no charge.
I guess you get the same features in both places, but you have to pay in ICICI, also it takes too long to open an acc in ICICI, that one of the reasons i went to Citibank.
Quote:
Originally posted by TO-Puttar
I have an NRE account with Citibank. Their service is pretty good, i can even get exchange rates over the phone. Once i transferred money online directly into my BOI bank acc in India - no charge.
I guess you get the same features in both places, but you have to pay in ICICI, also it takes too long to open an acc in ICICI, that one of the reasons i went to Citibank.
ICICI Bank always gives better exchange rates than Citibank. Thru Citibank, you can send free bankdrafts to anyone in India, even to small places. Although you can send eCheques thru ICICI Bank, but this is only for a limited number of banks and places. So it depends on what you need. Currently citibank is running a promotion which allows you to open an NRE bank account for a very small CAD amount and keep 0 minumum balance for next 20 years. I think this is a great opportunity to open a Citibank NRE account.
