Premium account for non-residents who have local receipts like Rent, Dividend, Interest etc in India
- 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
- View NRO Form (PDF) to download opening form.
- View Deposit Interest Rates to know current interest rate for NRO Savings
- For queries, contact us - nri@cityunionbank.in
