COMMONWEALTH BANK LAUNCHES NRI BANKING IN AUSTRALIA

It is estimated that over 400,000 people of Indian origin live in Australia. This number is constantly growing as Ind ian students and migrants relocate to Australia. Whether it is Australian citizens of Indian origin, permanent resident visa holders, Indians arriving in Australia on business or 457 visas or the large number of Indian students, the Indian community in Australia has significant links back home. Many Non Resident Indians (NRls) in Australia have family back home and need to remit money frequently for family expenses, gifts or their own commitments in India Most of the Indian community members t ravel to India frequently. Increasingly, a number of NRls see real estate investments or participation i n the Indian equity markets as an opportunity to grow their wealth

For all of these ne eds, banking services in India are required Commonwealth Bank of Austral ia provides NRI Banking Services in Australia to service the needs of the Australian Indian community to make banking i n India easy.

Recognising the growing significance of India as an economic powerhouse and the significant trade ties between Australia and India, Commonwealth Bank

Banking in India made easy

Travelling to India?

of Australia was the first Australian bank to open a branch in India in 2010. The branch in Mumbai is now fully operational and is located in the financial heart of Mumbai - Nariman Point. To service the large Indian community in Australia, the Commonwealth Bank has also established a NRI Banking Service in Australia, wh i ch is an extension of the Bank's India branch. The NRI Banking Service aims to make banking services in India easily available to the Indian community in Australia and el iminates the need to travel to India or talk to call centres in India for their banking requirements in India

A range of banking accounts and deposit options are now available through the Commonwealth Bank's Indi a branch. The experienced and multilingual team at the NRI Banking Centre can explain the services offered and the key features of Non Resident External (NRE), Non Resident Ordinary (NRO) and Foreign Currency Non Resident (FCNR) accounts which are important to understand before you commence bank ing in India. You can also walk into any one of our many nominated branches across Australia to comp lete the account opening formalities Th i s makes the account opening process very convenient and hassle free.

To make the money tra nsfer process easy and cost effective, Commonwealth Bank now offer s FEE FREE on line International Money Transfers from your Commonwealth Bank account in Australia to your Commonwealth Bank account in India. Moreover, you can also transfer Rupee funds from your Indian account with us to other ban k accounts in India FREE of cost th rough the RTGS and NEFT payment systems.

Commonwealth Bank also offers MasterCard Debit Cards linked to your accounts in India which al l ow you to access over 67,000 ATMs across India h avi ng the MasterCard log o You can now withdraw cash at these ATMs free of cost for up to 5 withdrawals in a month These Debit Cards can also be used at merchant ter minals and for on l ine purchases in India, thus saving you fees normally payable if you use your Australian Credit I Debit cards i n India

To know more about these services, simply contact the NRI Banking Team on Toll Free 1800 108 756, weekdays from 8am to 8pm AEST or email nri@ cba com au or log on to www.commbank.co.in

• Use the NRI Banking MasterCard Debit Card for fee free ATM Cash Withdrawals at any MasterCard ATM in India (up to 5 withdrawa ls a month free at any MasterCard ATM in India)

• Use your MasterCard Debit Card to shop at merchant establishments and online shopping in India

Sending money to India?

• Our award winning Intern ational Money Transfers, now at very competitive exchange rates

• Fee free onllne International Money Transfers through Netbank from your CBA Australia account to your NRI bank accounts with CSA India

• Free transfer of money from your account with CSA India to accounts with 73,000 bank branches across India by RTGS/NEFT

Investing money in India?

• A wide range of accounts to make your banking in India easy

• Non Resident External (NRE) Accounts and Deposits

• Non Resident Ordinary (NRO) Accounts and Deposits

• Foreign Currency Non Resident (FCNR) Deposits

• Attractive interest rates on Indian Rupee Deposits in India & competit ive pricing on fees

How do we make it ea sy?

• NRI Banking Centre - Australia based team to assist you

• Extended hour support - 8 am to 8 pm AEST on weekdays

Call 1800 108 756 or email nrl@cba.com.au www.commbank.co.in