CUB Recurring Deposit (NRO) for NRIs at best interest rates

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
  • Click here to download RFC Account opening form
  • Click here to know current interest rate for NRO Recurring Deposit.
  • For queries, contact us - nri@cityunionbank.com

Last Updated on: 16-09-2022 09:42:01 AM

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