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image  Union Royal SB NRE (URNRE)

Account Type

UNION ROYAL - NRE Savings Bank Account(URNRE)


Non-Resident (External)
Rupee Account(NRE)-Savings Bank(SB)


Rs.   INR

Type of Accounts


Who Can Open


Individuals/ entities of Pakistan and Bangladesh shall require the prior approval of the Reserve Bank of India.

The account should be opened by the non-resident account holder himself and not by the holder of power of attorney in India.

Joint Account

Permitted with Resident Indian as well as with NRIs/PIOs.

If A/c is joint with Resident Indian the joint account holder should be close relative as per RBI guidelines and the operation in the account shall be 'Former or Survivor' only. The NRI/PIO will be the primary/first applicant in the joint account and Resident Individual will be the second applicant and shall be eligible to operate the account as a power of attorney holder in accordance with the extant instructions during the life time of the account holder.

Permissible Credits

Credits permitted to this account are inward remittance from outside India, interest accruing on the account, interest on investment, transfer from other NRE/ FCNR (B) accounts, maturity proceeds of investments (if such investments were made from this account or through inward remittance). Any other credits permitted as per FEMA, RBI guidelines from time to time.

Proceeds of foreign currency/Bank notes tendered by account holder during his temporary visit to India, provided
(i)the amount was declared on a currency declaration form(CDF),where applicable, and
(ii)the notes are tendered to the authorized dealer in person by the account holder himself and the authorized dealer is satisfied that the account holder is person resident outside India

Permissible Debits

Local disbursements,

Remittance outside India,

Transfer to other NRE/ FCNR (B) accounts of the account holder or any other person eligible to maintain such account.

Any other transaction if covered under general or special permission granted by Reserve Bank.

Repatriation of Funds

Principal & Interest amounts are fully and freely repatriable.

Rate of Interest

As Applicable to Domestic Savings Account



Quarterly Average Balance

Rs. 1,00,000/-

Debit Card Charges

Issuance Charge – Free
AMC - Free

ATM access at own /other Bank ATM (Domestic)

Nil charges

ATM Cash withdrawal limit

Rs. 1,00,000/-Per day

 POS limit

Rs. 3,00,000/-Per Day

Penalty for Non –Maintenance of QAB

Rs. 500 +GST Per quarter

Tax on Interest Income

Income earned in the accounts is exempt from income tax and balances exempt from wealth tax

Cheque leaves including Personalized cheque leaves

100 leaves per year, beyond 100 leaves chargeable as per guidelines



SMS Charges


Account Closure charges

No charges

Operation by Power of Attorney In favour of a resident

Operation in the accounts in terms of power of attorney is restricted to withdrawals for permissible local payments and for investment in the name of account holder. Remittance to the account holder abroad is permitted, if PA document provides for the same.


Debit CARD

VISA SIGNATURE CARD or RuPay JCB Platinum Card (International) to be issued to customers as per their choice.

Benefits of VISA Signature Card:
( Benefits offered VISA may change from time to time)

  • Free Personal Accidental death Insurance coverage upto Rs. 2.00 lakhs (premium to be borne by Bank)
  • Air Accidental death Insurance coverage up to Rs. 50.00 lakhs (Premium to be borne by Bank)
  • Rs. 1.00 lakh free accidental death insurance for add-on card holders will be provided by bank.
  •  4 Reward Points for every 100 spent on PoS/E-com transactions (1RP= 0.25).
  • Various discounts and offers by VISA from time to time.

Benefits of RUPAY JCB Platinum Card:
( Benefits offered by NPCI/ JCB may change from time to time)

  • Airport lounge Access at International Airport (500+ Airport, 2 per annum) and Domestic Airports (24+ Airport, 2 per quarter) offered by NPCI.
  • Unlimited access across city lounges in China (33), Japan (43) Hawaii (1)
  • Free Personal Accidental death Insurance Coverage up to 10.00 lakhs (Premium to be borne by Bank)
  • Free Air Accidental death Insurance coverage up to Rs. 50.00 lakhs (Premium to be borne by Bank)
  • Free Personal Accidental death coverage up to Rs. 2.00 lakhs with JCB Debit card (Premium to be borne by NPCI as per terms of NPCI)
  • Various cash back offers/ discounts offered by NPCI/JCB on RuPay Debit cards available from time to time.

*Debit card should be in active status and has been used for financial/non-financial transactions at least once in the last 90 days prior to death

Additional Facilities

  • Dedicated Relationship Manager
  • Preferential Forex rates to customers
  • 50% Concession in processing charges on all Retail Loans
  • 50% Concession in Locker facility for first year
  • Nil joining fee for UNI WELL Credit Card with wellness benefit, Subject to eligibility of the customer.