Sovereign Gold Bond Issue - Series IV opens 06.07.2020 to 10.07.2020 - Rate per gram Rs. 4,852/-. Apply online to get Rs. 50 discount per gram - For details click here       Dear Customer, Click here to know about Emergency Credit Line Guarantee Scheme(ECLGS)      

NRI Recurring Deposit (NRE)

CUB's NRI customers can open Recurring Deposit (RD) and enjoy big rewards.

  • Recurring Deposit can be opened for remitting fixed amount every month for a minimum period of one year and upto a maximum period of 10 years
  • 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
  • Interest earned on the account is TAX FREE
  • Principal together with interest is fully repatriable
  • NO SERVICE CHARGES for inward remittances from abroad
  • Funds can be transferred from NRE account
  • 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 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
  • Click here for Modes of remittances to remit funds
  • For queries, contact us - nri@cityunionbank.com
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