Foreign Accounts
These accounts are offered in US dollar, Pound Sterling or Euro with an option of Savings or Current Accounts. These accounts can be offered in two categories:
- Foreign Exchange Account
- Foreign Currency Account
Foreign Exchange Account [FEA]
This is the foreign account whose funds are mobilized within the country [On-shore funds]. It can be opened as a Current Account or a Savings Account.
Foreign Exchange Current Account [FEA Current]
- Initial opening balance is USD 500, Euro 300, GBP250
- No account maintenance fee
- Minimum Commission on Turnover is $5, €4 or £3
- Maximum Commission on Turnover is $50, €30 or £40
- No Interest is paid on this account
- No Minimum Operating Balance
- Enjoy a wide range of VISA Card Products [ International Electron, Gold, Platinum or Infinite]
- 24 hour access to your account through ATMs
- Free E-Statement, Online Banking and E-Alerts on your account
- 24/7 access to account information via Mobile Banking,
- Transfers, Cheques, debit card payments and cash deposits
Foreign Exchange Savings Account [FEA Savings]
- Initial opening balance is USD 500, Euro 300, GBP250
- No account maintenance fee
- No Commission on Turnover
- No Interest is paid on this account
- Minimum Operating Balance is USD 100, Euro 100, GBP100
- Enjoy a wide range of VISA Card Products [ International Electron, Gold, Platinum or Infinite]
- 24 hour access to your account through ATMs
- Free E-Statement, I-Banking and E-Alerts on your account.
- 24/7 Access to account information through M- Banking,
- Transfers, Cheques, debit card payments and cash deposits
Foreign Currency Account [FCA]
This is the foreign account whose funds are mobilized from outside the country [Off-shore funds]. It can be opened as a Current Account or a Savings Account.
Foreign Currency Current Account [FCA Current]
- Initial opening balance is USD 500, Euro 300, GBP250
- No account maintenance fee
- Minimum Commission on Turnover is $5, €4 or £3
- Maximum Commission on Turnover is $50, €30 or £40
- No Interest is paid on this account
- No Minimum Operating Balance
- Enjoy a wide range of VISA Card Products [ International Electron, Gold, Platinum or Infinite]
- 24 hour access to account through ATMs
- Free E-Statement, Online Banking and E-Alerts on your account
- 24/7 access to account information via Mobile Banking
- Transfers, Cheques, debit card payments and cash deposits
Foreign Currency Savings Account [FCA Savings]
- Initial opening balance is USD 500, Euro 300, GBP250
- No account maintenance fee
- No Commission on Turnover
- Interest is paid on USD 10,000, Euro 10,000, GBP10,000
- Minimum Operating Balance is USD 100, Euro 100, GBP100
- Enjoy a wide range of VISA Card Products [ International Electron, Gold, Platinum or Infinite]
- 24 hour access to account through ATMs
- Free E-Statement, Online Banking and E-Alerts on your account
- 24/7 access to your account information via Mobile Banking
- Transfers, Cheques, debit card payments and cash deposits