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ESAF Bank Launches Non-Interest Bearing Account” Supreme” for Expats

In Business
October 05, 2021

ESAF Small Finance Bank has launched ‘Supreme’ a Current account product for Non – Resident Indians. The bank provides various features with this account, such as hassle-free banking, enhanced ATM cash withdrawal limit of Rs 50,000 per day in India, point of sale (POS) transaction limit of Rs.80,000 per day in India and e-commerce transaction limit of Rs 20,000 per day in India.

The exclusive service for NRI’s are available at 277 branches across Kerala out of 550 branches pan India. The bank now has over 17940 Non-Resident Savings Bank accounts from 121 countries globally. The bank began offering NRIs savings bank in June 2018 and current accounts in May 2021. As at March 31, 2021, 2020 and 2019, our deposits from NRIs were ₹2019.15 Crores, ₹1467.39 Crores and ₹467.62 Crores, respectively, which represented 22.44%, 20.88% and 10.83% of our total deposits, respectively.