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3rd August 2016, 11:17 AM
Super Moderator
 
Join Date: Aug 2012
Re: Union Bank Of India NRI Deposit Rates

No problem I will tell you current Union Bank Of India NRI Deposit Rates so that you can remember and have idea about it.

Rate of Interest

Interest rates since deregulated by RBI. As decided by the bank from time to time.

MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1ST JULY 2016

TENOR MCLR (%)
Overnight MCLR 9.20%
One month MCLR 9.25%
Three month MCLR 9.30%
Six month MCLR 9.40%
One year MCLR 9.45%
Two year MCLR 9.50%
Three year MCLR 9.55%

Base Rate w.e.f. 30/06/2016 9.60% .

Bench Prime Lending Rate [BPLR] w.e.f. 01/03/2016 14.25%

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.

Tenure (For Term Deposits)
Minimum 1 year to Maximum 10 years (at the discretion of the Bank )

Eligibility
NRIs / PIOs (other than person resident in Nepal and Bhutan) (Such individuals from Bangladesh and Pakistan require prior approval of RBI)

Address:-
Union Bank Of India
Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021, Maharashtra, India

Phone:-
022-22892000


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