Welcome to UNION ROYAL - NRE Savings Bank Account (URNRE), the perfect banking solution for NRIs and PIOs. With this account, you can enjoy the convenience of a savings account tailored specifically to meet your needs. Easy fund transfers, and flexibility to repatriate your principal and interest amounts without any restrictions, joint account options are just a few among the bouquet of benefits associated with the account. You also get to experience competitive interest rates and access to a wide network of ATMs with no charges. Enjoy the convenience of NEFT, RTGS, and IMPS transactions at no additional cost. With UNION ROYAL - NRE Savings Bank Account, managing your finances as an NRI has never been easier. Open your account today and experience hassle-free banking.

Welcome to UNION ROYAL - NRO Savings Bank Account (URNRO), designed to cater to the banking needs of non-residents in India. This account allows individuals residing outside India to conduct legitimate rupee transactions effortlessly. Enjoy the convenience of joint accounts with residents or NRIs/PIOs, along with the flexibility to make inward remittances and receive legitimate dues in India. Benefit from competitive interest rates, access to ATMs without any charges, and free NEFT, RTGS, and IMPS transactions. With UNION ROYAL - NRO Savings Bank Account, managing your finances as a non-resident has never been easier. Open your account today and experience seamless banking solutions.

NRE (Non-Resident External) Savings Bank Account is a type of bank account offered to Non-Resident Indians (NRIs) by Union Bank of India. It is denominated in Indian Rupees and allows NRIs to conveniently hold and manage their foreign income that is earned outside India. The key feature of an NRE Savings Bank Account is that the funds held in this account can be freely repatriated, meaning they can be transferred back to the foreign country in the original currency without any restrictions. NRE accounts offer various benefits such as tax exemption on the interest earned and the ability to maintain the account in joint names with other NRIs.

Union Bank of India’s NRO (Non-Resident Ordinary) Savings Account is a type of bank account offered to Non-Resident Indians (NRIs) by Indian banks. It is designed to manage the income earned by NRIs in India, such as rent, dividends, and pensions. The funds in a NRO Savings Account are held in Indian Rupees (INR) and cannot be freely repatriated. This account allows NRIs to conveniently deposit, withdraw, and manage their Indian income while earning interest on their deposits. NRO accounts also offer benefits like bill payments, ATM access, and the ability to hold joint accounts with NRIs .

Union Bank of India’s Savings Flexi NRE account is a flexible and beneficial banking option for Non-Resident Indians (NRIs). This account offers a host of features that make it an attractive choice for NRIs looking to manage their finances effectively. With Union Bank of India’s Savings Flexi NRE account, NRIs can freely repatriate their funds both in Indian and foreign currencies, allowing easy movement of money across borders. This account also provides competitive interest rates, ensuring that savings grow steadily. Moreover, it offers the convenience of Internet banking, enabling seamless transactions and easy access to account information. With its flexible features and attractive benefits, our Savings Flexi NRE account is an ideal choice for NRIs seeking a versatile and rewarding banking solution.

The Savings Flexi NRO account offered by Union Bank of India is a versatile banking solution designed specifically for Non-Resident Indians (NRIs) to manage their funds and savings. This account combines the benefits of a savings account with the flexibility of an NRO (Non-Resident Ordinary) account. With the Savings Flexi NRO account, NRIs can enjoy the convenience of easy fund transfers, access to a wide range of banking services, and the ability to earn competitive interest on their deposits. This account also allows for seamless repatriation of funds, making it a suitable choice for NRIs looking to efficiently manage their finances and enjoy the benefits of an NRO account with added flexibility and convenience.

Under the Capital Gains Tax scheme, individuals can benefit from tax exemption on profits or gains arising from the sale of a capital asset. To qualify for the exemption, the amount of capital gains or the net consideration must be deposited in designated branches of Public Sector banks before the due date for filing an income tax return. However, it's important to note that this exemption is temporary. To maintain the tax exemption on capital gains, the account holder must invest the deposited amount in specified assets within a prescribed timeframe. Failure to invest the balance within the stipulated period may result in the loss of the tax exemption on capital gains.