CUB's NRI customers can open Fixed Deposit (FD) and transfer funds from NRO / NRE / FCNR account.
- Deposit can be opened as Cumulative or Non - Cumulative Deposit
- Deposit can be opened jointly with a Non - Resident or Resident
- Joint Account with a Resident in India will be on Former or Survivor Basis
- TDS will be applicable on interest earned.
- In case of Non Cumulative deposit, you can receive interest quarterly
- 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
- FREE CUB Net banking to view the deposits
- NO SERVICE CHARGES for inward remittances from abroad
- Funds can be transferred from NRO / NRE / FCNR Account
- No interest is payable if deposit is preclosed before the minimum stipulated period
- Preclosure of deposit after the minimum stipulated period but before maturity 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 GST 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
- View NRI Fixed Deposit NRO Opening Form (PDF) to download RFC Account opening form
- View Deposit Interest Rates to know current interest rate for NRO Fixed Deposit
- For queries, contact us - nri@cityunionbank.in
