• Home
  •    Nri savings account nro

      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