Partnership between Mashreq NEO and Kotak Mahindra Bank has streamlined the account setup procedure, allowing NRIs to swiftly establish a digital bank account with Kotak Mahindra Bank, all within a matter of minutes
Opening a digital bank account in the UAE has become a hassle-free process for Non-Resident Indians (NRIs) thanks to a strategic collaboration between Mashreq NEO and Kotak Mahindra Bank. This partnership has streamlined the account setup procedure, allowing NRIs to swiftly establish a digital bank account with Kotak Mahindra Bank, all within a matter of minutes, as reported by timeoutdubai.com.
The entire process is remarkably user-friendly. NRIs simply need to access their Mashreq Neo app and complete the required forms online. Once the necessary steps are completed, they gain access to several advantages, including the ability to monitor their account balances in both their UAE and Indian accounts, conduct seamless money transfers, and benefit from competitive interest rates on their savings.
“In this digital era, we firmly believe that banking should be immediate, transparent, and effortless, regardless of geographical boundaries. Through our collaboration with Kotak, we are delivering an exceptional banking experience to our Non-Resident Indian clientele in the UAE. This initiative embodies our vision of breaking barriers and setting new benchmarks in the world of banking.”
— Fernando Morillo, Group Head of Retail Banking at Mashreq
Fernando Morillo, the Group Head of Retail Banking at Mashreq, emphasized the significance of this collaboration: “Our partnership with Kotak Mahindra Bank underscores Mashreq Neo’s commitment to bridging international financial boundaries and simplifying global financial interactions for our valued NRI customers. This collaboration not only provides convenient international banking services but also underscores our unwavering dedication to innovation, security, and customer-centricity.”
He further added, “In this digital era, we firmly believe that banking should be immediate, transparent, and effortless, regardless of geographical boundaries. Through our collaboration with Kotak, we are delivering an exceptional banking experience to our Non-Resident Indian clientele in the UAE. This initiative embodies our vision of breaking barriers and setting new benchmarks in the world of banking.”
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