City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund                Dear Customer, Donate generously to PM CARES Fund to help India fight against COVID. Donate funds by selecting 'PM CARES' which is already listed as Beneficiary in your internet/Mobile banking           Click here to donate for PM's National Relief Fund                    Now, drive through toll gates with CUB FASTag - Click here to know more                Click here for auction sale details               &n

NRI Recurring Deposit (NRO)

CUB's NRI customers can open Recurring Deposit (RD) and transfer funds from NRO / NRE account.

  • Recurring Deposit can be opened for remitting fixed amount every month
  • 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 is taxable
  • 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 service tax 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 opening form
  • Click here to know current interest rate for NRO Recurring Deposit.
  • Click here for modes of remittances to remit funds
  • For queries, contact us - nri@cityunionbank.com
x