Union Bank Of India Interest Rates On Saving Account

Union Bank of India Interest RatesUnion Bank of India is a large domestic bank in India. It began back in 1919 and today has a large branch network of 2800 across the country. It has its headquarters in Mumbai and at 2012 had a client base of greater than 24 million. Check Savings Account interest rate and minimum balance at top banks in India. Know which bank gives highest interest rate on saving account. Get CIBIL Score Instantly for Free and Save around INR 4,800 a Year (Only for Wishfin Customers). Union Bank of India PPF interest rate. The present Union Bank PPF interest rate is 7.1% p.a. This interest rate is subject to revision as per time-to-time notifications from the government. The accrued interest is paid out on 31st March of every year. Interest is calculated on funds in the account till the 5th of every month.

You are here : Products International NRO Savings Bank Account

NRO SAVINGS ACCOUNT

Credit union interest rates savingsInterest

Account Type

NRO Savings Bank Account(NRO SB)

Type of Accounts

Savings Deposit

Opening of Accounts/Sources of Funding The Accounts

  1. On receipt of duly completed account opening form(AOF) along with the documents specified there in.
  2. Re-designating existing resident SB account.
  3. Fresh remittances by way of TT/MT/DD/IMO/FCTC/FC
  4. Transfer from existing NRO/NRE/FCNR(B)
  5. Out of legitimate dues of the NRIs in India.
  6. Operation allowed through PA Holder for domestic payments.

Caution::
7.Accept of FCTC/FC subject to CDF(Beyond Limit)
8.Third Party FCTC will not be accepted.

ROI

Rate of interest applicable to these accounts and guidelines
for opening, operating and maintenance of such accounts
shall be in accordance with directives/instructions issued by Reserved Bank from time to time.

Who Can Open

Any Person resident outside India(as per regulation 2 of FEMA),may open NRO account with an authorized dealer or an authorized bank for the purpose of putting through bonafide transactions dominated in Rupees, not involving any violation of the provision of the FEMA rules, regulations made there under. Opening of accounts by individual/entities of Bangladesh/Pakistan nationality/ownership requires prior approval from RBI.

Tax on Interest Income

Tax will be deducted as per guidelines

Loan Facility

Available

ATM Cash Withdrawal Limit

Rs. 25,000/- per day

ATM POS Limit

Rs.50,000/- per day

Personalized cheque Leaves

40 leaves per year FREE

Union bank of india interest rates on saving accountsBank

What Is The Interest Rate For Savings Account In Indian Bank

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Union Bank Of India Nre Saving Account Interest Rates


Features:

Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Visually Impaired persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.

Union Bank Of India Interest Rates On Saving Account Calculator

  • Minimum balance requirement with or without cheque book facility:

    Centres

    Without Cheque Book (`)

    With Cheque Book (`)

    Metro

    500

    1000

    Urban

    500

    1000

    Semi Urban

    250

    500

    Rural

    100

    250

  • Interest is calculated on daily product basis and will be credited on quarterly basis in the months of April, July, October and January every year.
  • Rate of interest upto 25Lacs and more than 25 lacs-3%p.a