United Bank Of India FCNR Rates

I am an Indian and I work outside India . I have an account in United Bank Of India (UBI) . I want to check my interest rates on Foreign Currency Non-Resident Deposits (FCNR) deposit . Would you provide me FCNR Rates of UBI ? Which bank is giving highest interest rates on FCNR ?

I want to get information about the FCNR (B) Deposits of United Bank Of India. So here can you provide me information about it?

[Quick Sam]

As you want to know about the FCNR (B) Deposits of United Bank Of India, then here I am telling you about it as you want.

FCNR (B) Deposits

RATE OF INTEREST :

As per current schedule of interest rate

LIBOR linked rates for different currencies and different maturity periods presently LIBOR plus
200 bps for 1 year to less than 3 years and
300 bps for 3years to 5 years

Interest will be compounded at 180 days intervals for deposits of above 1 year

INCOME TAX :
Interest earned on balance in FCNR are exempt from Indian Income Tax.


REPATRIABILITY :
Balance and interest repatriable.

PAYMENTS :
Funds can be used for local payment as well as for repatriation.

FACILITIES :
Nomination Facility Available.

LOAN FACILITY IN FOREIGN CURRENCY :
Can be arranged through correspondent banks on best effort basis to depositors only.



Required Documents :

1. The Bank’s prescribed NRI account opening

2. Two recent passport size recent photograph and signed across.

Appropriate document in support of NRI or PIO status of the applicant.