CUB Savings Account (NRO)

• Account can be opened jointly with a Non Resident or Resident
• Joint Account can be opened with a resident in India on Former or Survivor Basis
• FREE ATM Rupay Debit Card accepted by major commercial establishments in India
• FREE CUB Net Banking to enjoy the convenience of online transactions
• NO SERVICE CHARGES for inward remittances from abroad
• TDS will be deducted on Interest.
• Balance 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

Loans Against NRI Deposits

• Loans (Fund Based / Non Fund Based) can be availed against NRE / FCNR Deposits either in the name of NRI or third party
• Rate of interest and margin will be as per RBI directive and Bank’s policy in force from time to time.

• No service charges for inward remittances from abroad
• Local receipts like rent, dividend, interest; receipts on account of sale of property in India etc., can be credited to this account
• Funds can be transferred from NRO / NRE / FCNR Accounts
• Conversion of foreign currency into Indian Rupees or vice versa will attract GST as per GoI notification
• Attractive rate on daily closing balances
• Click here to download opening form.
• Click here to know current interest rate for NRO Savings
• For queries, contact us - nri@cityunionbank.com