CUB Savings Bank Account (NRO) for Non-resident Indians

CUB Savings Account (NRO)

Premium account for non-residents who have local receipts like Rent, Dividend, Interest etc in India

  • 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 Rupay Debit Card accepted by major commercial establishments in India
  • FREE CUB Net Banking to enjoy the convenience of online transactions
  • NO SERVICE CHARGES for inward remittances from abroad
  • TDS will be deducted on Interest.
  • 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

Loans Against NRI Deposits
  • Loans (Fund Based / Non Fund Based) can be availed against NRE / FCNR Deposits either in the name of NRI or third party
  • Rate of interest and margin will be as per RBI directive and Bank’s policy in force from time to time.
  • 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 GST 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
  • For queries, contact us - nri@cityunionbank.com

Last Updated on: 30-12-2022 01:57:59 PM

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