3QFY18 Earnings Conference Call Transcript City Union Bank

NRI Savings Account (NRE)

CUB offers most attractive rates on daily closing balances and inward remittances FREE of charges to its nre customers.

  • 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 
  • Interest earned on the account is TAX FREE 
  • Balance together with interest is fully repatriable
  • FREE ATM VISA Debit Card accepted globally by major commercial establishments
  • FREE CUB Net 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
  • Conversion of foreign currency into Indian Rupees or vice versa will attract service tax as per GoI notification
  • Attractive rate on daily closing balances
  • Click here to download opening form
  • Click here  for Modes of remittances to remit funds
  • Click here to know current interest rate
  • For queries, contact us - nri@cityunionbank.com