#1
26th July 2016, 04:52 PM
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Open NRI Account In Union Bank Of India
Hii Buddy , I want to know Open NRI Account IN Union Bank Of India Here Will you plzz tell me What is the Rate of Interest for Non Resident External Account and Application form ?
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#2
26th July 2016, 05:40 PM
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Re: Open NRI Account In Union Bank Of India
Friend Have a Look Here I m Giving Details about NRI Account In Union Bank Of India : Particulars Non-Resident (External) Rupee Account ( NRE) - Current Deposit (CD) Currency Indian Rupees Type of Accounts Current Sources of Funding the Account Funds remitted from abroad in any permitted currency through banking channels. Depositing cheque / draft drawn in foreign currency or INR, drawn on Vostro A/cs maintained by foreign bank and exchange houses with us. Transfer from other NRE / FCNR accounts of the same account holder or another account holder with our Bank or other Banks accompanied by a certificate from paying bank. Surrender of foreign currency / foreign currency travellers’ cheques to the Bank by the account holder in person. Rate of Interest No Interest Paid Eligibility : NRIs / PIOs (other than person resident in Nepal and Bhutan) (such individuals from Bangladesh and Pakistan require prior approval of RBI) Joint Account with One or more NRIs / PIOs Nomination Permitted Minimum Balance Average quarterly balance in SB A/c Rs.5000/- (for metro & urban) Rs.______/- (for SU / rural) Tax on Interest Income No Income Tax Operations by Power of Attorney in favour of a resident Operations in the account in terms of Power of Attorney is restricted to withdrawals for permissible local payments and for investment in the name of account holder. Remittance to the account holder abroad is permitted, if the PA document provides for the same. Union Bank Of India NRE Account Opening Application Form |
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