ASBA option in our Net/Mobile Banking can be used to apply for the ongoing IPO/FPO/Rights issues.a)ADITYA BIRLA FASHION AND RETAIL LTD (Right Issue till 22nd July,2020) b)ARVIND FASHIONS LTD (Right Issue till 17th July,2020) c)ROSSARI BIOTECH LTD (IPO till 15th July,2020) d)YES Bank (Right issue starting from 15th July,2020)

NRI Fixed Deposit (NRO)

CUB's NRI customers can open Fixed Deposit (FD) and transfer funds from NRO / NRE / FCNR account.

  • Deposit can be opened as Cumulative or Non - Cumulative Deposit
  • Deposit can be opened jointly with a Non - Resident or Resident
  • Joint Account with a Resident in India will be on Former or Survivor Basis
  • Interest earned on the account is taxable
  • In case of Non Cumulative deposit, you can receive interest quarterly
  • Principal 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
  • FREE CUB Net to view the deposits
  • NO SERVICE CHARGES for inward remittances from abroad
  • Funds can be transferred from NRO / NRE / FCNR Account
  • No interest is payable if deposit is preclosed before the minimum stipulated period
  • Preclosure of deposit after the minimum stipulated period 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 service tax 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 NRO Fixed Deposit
  • Click here for Modes of Remittances to Remit funds
  • For queries, contact us - nri@cityunionbank.com
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