Federal Bank Launches Prospera NRE Savings Account for NRIs
Hyderabad: Federal Bank has introduced the Prospera NRE Savings Account, a new offering tailored for the emerging affluent NRI segment. The account features benefits like complimentary insurance up to ₹60 lakh, airport lounge access, rewards on debit card spends, and discounts of up to 24% on flight and hotel bookings through select platforms.
Launched in Dubai, the event marked MD & CEO Mr. KVS Manian’s first international media interaction since taking office in September. He highlighted the Bank’s strong ties with the NRI community, stating, “We handle one-fifth of India’s inward remittances, reflecting the trust NRIs place in us. Prospera is designed to meet their evolving financial and lifestyle needs.”
Federal Bank also showcased its leadership in remittance services, digital innovation, and NRI deposit growth. The Prospera NRE Savings Account aims to provide a comprehensive banking experience for NRIs worldwide.