Important notice : - e Auction

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 to know how to open account
  • Click here to remit funds
  • Click here to know current interest rate
  • For queries, contact us - nri@cityunionbank.com