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Fixed Deposit (NRE)
CUB's NRI customers can open Fixed Deposit (FD) that offers attractive interest rates.
- Deposit can be placed for a minimum period of one year and upto a maximum period of 10 years
- Deposit can be opened as Cumulative or Non - Cumulative
- 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.
- In case of Non Cumulative deposit, you can receive interest quarterly
- Principal together with interest is fully repatriable
- FREE CUB Net banking to view the deposits
- NO SERVICE CHARGES for inward remittances from abroad
- Funds can be transferred from NRE / FCNR Account and NRO account (subject to RBI guidelines)
- 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
- Click here to download opening form
- Click here to know current interest rate.
- For queries, contact us - nri@cityunionbank.com
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