Equitas SFB Eyes NRI & Seafarer Segment with Tailored Deposit & Savings Offerings

has rolled out two targeted products aimed at the growing global base of over 35.4 million NRIs and around 2.85 lakh Indian seafarers. The newly launched FCNR (B) Deposit offers competitive interest rates, tax-free income in India, and full repatriation of principal and interest, making it a practical option for NRIs looking to diversify currency exposure while retaining liquidity. In parallel, the Equitas Explorer Savings Account is designed specifically for seafarers and maritime professionals, available in both NRE and NRO formats. It offers a VISA Platinum International Debit Card (for NRE accounts), ₹1 crore in air accidental death insurance, up to ₹2 lakh home contents insurance against fire and burglary, and mandate holder access for resident family members. These offerings signal Equitas SFB’s intent to deepen its presence in a niche but promising customer segment that seeks specialized, compliant, and benefit-driven banking solutions. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.