Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB.Click Here for Instant Account Openning                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe         Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.       Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.            City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund   Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB.Click Here for Instant Account Openning                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe         Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.       Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.            City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund

Resident Foreign Currency Deposits – NRI banking

CUB offers its NRI (Returning) customers RFC Account / Deposit which allows them to utilize the foreign currency balances outside India.

  • Resident Foreign Currency (RFC) Account – RFC Account
  • A person resident in India (Returning NRI/PIO) can open a RFC account out of foreign exchange received or acquired by him:

    a. as pension or superannuation benefits or other monetary benefits from his overseas employer;

    b. by converting assets which were acquired by him when he was a non-resident or inherited from or gifted by a person resident outside India and repatriated to India;

    c. before July 8, 1947 or any income arising or accruing thereon which is held outside India in pursuance of a general or special permission granted by the Reserve Bank;

    d. received as proceeds of LIC claims / maturity / surrendered value settled in forex from an Indian insurance company permitted to undertake life insurance business by the Insurance Regulatory and Development Authority.

  • The balances in the RFC account are FREE from all restrictions regarding utilisation of foreign currency balances outside India.

  • Such accounts can be held jointly with resident relative as joint holder on ‘former or survivor’ basis. However, such resident Indian relative joint account holder cannot operate the account during the life time of the resident account holder.
  • The balances in the Non-Resident External (NRE) Account and FCNR (B) account can be credited to the RFC account when the residential status of the non-resident Indian (NRI) or person of Indian origin (PIO) changes to that of a Resident.
  • Click here to download RFC Account opening form
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Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB.Click Here for Instant Account Openning                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe         Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.       Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.            City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund   Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB.Click Here for Instant Account Openning                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe         Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.       Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.            City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund
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