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NRI Banking –NRE Savings Account
Premium account for non-residents who want to remit funds to India and repatriate when required.
- Account can be opened jointly with a Non Resident on Either or Survivor / Former or Survivor
- Account can also be opened jointly with a Resident close relative on Former or Survivor basis. The resident joint account holder can operate the account through a Power of Attorney granted by the NRI joint account holder
- No TDS on Interest.
- Balance together with interest is fully repatriable
- FREE ATM VISA Debit Card accepted globally by major commercial establishments
- FREE CUB Net Banking to enjoy the convenience of online transactions
- No service charges for inward remittances from abroad
- Local receipts like rent, dividend, interest can be credited to the account subject to production of Chartered Accountant certificate
- Funds can be transferred from NRE / FCNR Accounts and transferred to NRE/FCNR.
- Funds can also be transferred from NRO subject to extant RBI guidelines from time to time.
- Conversion of foreign currency into Indian Rupees or vice versa will attract GST as per GOI notification
- Attractive rates on daily closing balances
- Click here to download opening form
- Click here to know current interest rate
- For queries, contact us - nri@cityunionbank.com
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