A bank opened in SEZs in India comes under which of the following category of banks?

The correct answer is Offshore bank.

• Special Economic Zones (SEZs):
  • It is a zone within a country that is typically duty-free and has totally different business industrial laws, mainly to encourage investment and generate employment.
  • In this zone, industries get some tax benefits.
• ​Different Banks:
  • Offshore Bank:
  1. This type of bank is set outside the country of residence of the depositor, usually in a low tax jurisdiction (or tax haven) that has money and legal benefits.
  2. A bank opened in SEZs in India come under the category of an offshore bank.
  •   International Bank: 
  1. It is a financial entity that offers monetary services, such as payment accounts and lending opportunities to foreign clients.
  • National Bank:
  1. National banks are a part of a country's national economy.
  2. These are industrial entities that offer access to banking services for the general public.
  • ​Domestic Bank: 
  1. It is a home bank that is started and operated by Indians and headquartered in India.