Hey , I am here giving you detail about the NRI current account service for NRI’s at Union Bank of India (UBI ).

NRI Current Account:

Details Required :
Indian Rupees

Currency:
Indian Rupees

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 bank .

Transfer from other NRE / FCNR accounts of the same account holder or another account holder with UBI 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

Who can open :
NRIs / PIOs (other than person resident in Nepal and Bhutan)

Minimum Balance:
Average quarterly balance :
Rs.5000/- (for metro & urban)
Rs.______/- (for SU / rural)

Tax on Interest Income:
No Income Tax

Contact Detail :
Union Bank of India
All-India Toll Free number
1800 22 22 44
1800 208 2244