NRI Savings Account (NRO)

CUB's NRO account offers a range of services FREE of cost - including remittances from abroad

  • 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 VISA Debit Card accepted globally by major commercial establishments
  • FREE CUB Net to enjoy the convenience of online transactions
  • NO SERVICE CHARGES for inward remittances from abroad
  • Interest earned on the account is taxable
  • 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
  • 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 service tax 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
  • Click here for Modes of remittances to remit funds
  • For queries, contact us - nri@cityunionbank.com