NRI BANKING IN AUSTRALIA

It is estimated that over 400,000 people of Indian origin live in Australia. Th is number is constantly growing as Indian students and migrants relocate to Austra l ia. Whether it is Austra lian citizens of Indian origin, permanent resident visa hold ers, Indian s ar r ivi ng in Austra l ia on business or 457 visas or the large number of Indian students, the In dian community in Australia has significant links back home. Many Non Resident Indians (NRls) in Austra li a 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 trave l to India frequently. Increasingly, a number of NRls see real estate investments or participation in the Indian equity markets as an opportunity to grow their wealth. For all of these needs, banking services in India are required. Commonwea lth Bank o f Austra li a provides NRI Banking Services in Austra l ia to service the needs of the Austral ian Indian community to make banking in In dia easy.

Recognising the growing significance of India as an economic powerhouse and the significant trade ties between Australia and India, Commonwea lt h Bank of Austra li a was th e first Australian bank to open a branch in India in 20 10. The branch in Mumbai is now fu lly operational and is located in the financial heart of Mumbai - Nariman Point. To se rv ice the large Indian community in Australia, the Commonwealth Bank has also established a NRI Banking Service in Austra l ia, which is an exten sion 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 eliminates the need to trave l to India or talk to call centres in India for their banking requirements in India

A range of banking accounts and deposit opti ons are now available through the Commonwea lth Bank's India branch. The experienced and multi lingual team at the NRI Banking Centre can explain the services offered and the key features of Non Resident Externa l (NRE), Non Resident Ordinary (NRO) and Foreign Currency Non Resident (FCNR) accounts which are important to understand befo re you commence banking in India. You can also wa l k into any one of our many nominated bra n ches across Austra l ia to comp lete the account open i ng formalities This makes the accou nt opening process

Very Convenient And Hassle Free

To make the money transfer process easy and cost effective, Commonwealth Bank now offers FEE FREE online Internat ional Money Transfers from you r Commonwealth Bank account in Austra l ia to your Commonwealth Bank account in India. Moreover, you can also transfer Rupee funds from your Indian account with us to other bank accounts in India FREE of cost through the RTGS and NEFT payment systems

Commonwealth Bank also offers MasterCard Debit Cards l inked to your accounts in India which allow you to access over 67,000 ATMs across India having the MasterCard logo. You can now withdraw cash at these ATMs free of cost for up to 5 withdrawals In a month. T hese Debit Cards can also be used at merchant terminals and for on line purchases in India, thus saving you fees normally payab le if you use your Aust ral ian Cred it I Debit cards in India.

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

Banking in India made easy

Trave lling to India?

• Use the NRI Banking MasterCard Debit Card for fee free ATM Cash Withdrawals at any MasterCard ATM in India (up to 5 withdrawals 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 t o India ?

• Our award winn ing International Money Transfers, now at very competitive exchange rates

• Fee free online International Money Transfers through Netbank from your CBA Australia account to your NRI bank accounts with CBA 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 & competitive pricing on fees

How do we ma ke it easy?

• 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 nri@cba.com.au www.commbank.co.in

Temis and Calditions appfy. Fees and charges applic.,ble