CUB NRI customers can open recurring deposit (RD) for periodic sturdy savings
- Recurring Deposit can be opened for remitting fixed amount every month for a minimum period of one year and upto a maximum period of 10 years
- Deposit can be opened jointly with a Non - Resident on Either or Survivor/Former or Survivor basis
- Deposit can also be opened jointly with a Resident close relative on Former or Survivor basis
- No TDS on interest earned.
- Principal together with interest is fully repatriable
- NO SERVICE CHARGES for inward remittances from abroad
- Funds can be transferred from NRE account
- No interest is payable if deposit is preclosed before one year
- Preclosure of deposit after one year, 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 Recurring Deposit NRE Opening Form (PDF) to download RFC Account opening form
- View Deposit Interest Rates to know current interest rate
- For queries, contact us - nri@cityunionbank.in
