#1
June 12th, 2016, 03:51 PM
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Union Bank of India Forex
Hello sir I want to know about Union Bank of India Forex so here can you please give me its basic information ?
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#2
June 13th, 2016, 08:21 AM
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Re: Union Bank of India Forex
Hey as per my idea there is Union Smart Foreign Currency scheme and here I am giving you its basic details Eligibility Non-Resident Indians of Indian Nationality / Origin (NRI/PIO) Size of Deposit: USD 10,000 or its equivalent. Purpose: Its purpose is to enable the NRIs to maximize the yield of the Foreign Currency Resources / funds. Period of Deposit: Period of deposit will be for 12 months. Benefits of the Scheme: Maturity proceeds can be repatriated. Modalities of the Scheme Earn higher returns in foreign currency as compared to FCNR (B) deposit. Protects against exchange loss. Interest earned is totally free from Indian Income Tax |
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