CUB NRI customers can open recurring deposit (RD) for periodic sturdy savings
- Recurring Deposit can be opened for remitting fixed amount every month for a minimum period of one year and upto a maximum period of 10 years
- Deposit can be opened jointly with a Non - Resident or Resident
- Joint Account with a Resident in India on Former or Survivor Basis
- Interest earned on the account will be subject to TDS.
- Principal together with interest can be remitted outside India or can be credited to NRE Account upto USD 1 Million per financial year subject to production of undertaking by the remitter and certificate from a Chartered Accountant
- NO SERVICE CHARGES for inward remittances from abroad
- Funds can be transferred from NRO / NRE account
- Preclosure of deposit will attract penalty as per the Bank’s policy from time to time
- Conversion of foreign currency into Indian Rupees or vice versa will attract GST as per GoI notification
- Loan against the security of deposit can be obtained subject to RBI guidelines and Bank’s policy in force
- Attractive interest rates
- View NRI Recurring Deposit NRO Opening Form (PDF) to download RFC Account opening form
- View Deposit Interest Rates to know current interest rate for NRO Recurring Deposit.
- For queries, contact us - nri@cityunionbank.in
