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image  Union Royal SB NRO (URNRO)

Account Type

UNION ROYAL - NRO Savings Bank Account (URNRO)


Non-Resident (Ordinary)
Rupee Account(NRO)-Savings Bank(SB)


Rs.  INR


Type of Accounts



Who Can Open                                                                      

Any person resident outside India for putting through bonafide transactions in rupees.
Individuals/ entities of Pakistan nationality/ origin and entities of Bangladesh origin require the prior approval of the Reserve Bank of India.
A Citizen of Bangladesh/Pakistan belonging to minority communities in those countries i.e. Hindus, Sikhs, Buddhists, Jains, Parsis and Christians residing in India and who has been granted long term visa(LTV ) or whose application for LTV is under consideration, can open only one NRO account with an AD bank subject to RBI/FEMA guidelines from time to time.


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.


Permissible Credits

Inward remittances from outside India, legitimate dues in India
and transfers from other NRO accounts are permissible credits to
NRO account.
Rupee gift/ loan made by a resident to a NRI/ PIO relative within
the limits prescribed under the Liberalized Remittance Scheme
may be credited to the latter’s NRO account.

Permissible Debits

All local payments in rupees including payments for investments subject to compliance of RBI guidelines, transfers to other NRO accounts.

Remittance outside India of current income in India of the account holder net of applicable taxes.

Apart from these, balances in the NRO account cannot be repatriated abroad except by NRIs and PIOs up to USD 1 million, subject to conditions specified in Foreign Exchange Management Act (Remittance of Assets) Regulations, 2016.

Funds can be transferred to NRE account within this USD 1 Million facility. Any other debits permitted by RBI from time to time.

Rate of Interest

As Applicable to Domestic Savings Account



Quarterly Average Balance

Rs. 1,00,000/-

Debit Card Charge

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 (Domestic use only)

 POS limit

Rs. 3,00,000/- Per day

Penalty for Non –Maintenance of QAB

Rs. 500+GST Per Quarter

Tax on Interest Income


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

Operations in the account in terms of Power of Attorney is restricted to withdrawals for permissible local payments in rupees, remittance of current income to the account holder outside India or remittance to the account holder himself through normal banking channels. While making remittances, the limits and conditions of repatriability will apply.

Repatriation of Funds

Not repatriable except for all current income. Balances in an NRO account of NRIs/ PIOs are remittable up to USD 1 (one) million per financial year (April-March) along with their other eligible assets
As per RBI/FEMA guidelines.

Debit CARD
(For Domestic Use Only)

VISA SIGNATURE CARD or RuPay JCB Platinum Card 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 Rs.10.00 lakhs (Premium to be borne by Bank)
  • Air Accidental death Insurance coverage up to Rs. 50.00 lakhs (Premium to be borne by Bank)
  • 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 RuPay on 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 available for forex transactions
  • 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.