The NRIs who received such communication in the past few days also include those who have opened FCNR (foreign currency non-resident account) and/or NRE/ NRO deposits.
IndusInd Bank provides interest rates of up to 6.75% p.a on NRE/NRO savings accounts, up to 7.50% p.a on NRE/NRO deposits, and up to 5.95% p.a on USD FCNR deposits.
There is exemption from advance tax provisions for a resident senior citizen individual who does not have any income from business or any professional income.