CUB Fixed Deposit (NRO) for NRIs at best interest rates

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
  • Click here to download RFC Account opening form
  • Click here to know current interest rate for NRO Fixed Deposit
  • For queries, contact us - nri@cityunionbank.com

Last Updated on: 16-09-2022 09:41:43 AM

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