Introducing the Union Monthly Plus-NRO Scheme - A recurring deposit scheme specially designed for NRIs. With flexible options and attractive features, this scheme allows NRIs to save and grow their funds conveniently. Open an account in your name or jointly with other NRIs. Set your desired monthly instalment, known as the "Core amount," and deposit it as the initial instalment. You can make multiple deposits within a month, up to 10 times the Core amount or Rs 1,00,000/-, whichever is lower. Enjoy competitive interest rates, quarterly interest payments, and the option for loans. With no penalty for delayed instalments or premature closure, the Union Monthly Plus-NRO Scheme offers a hassle-free savings solution for NRIs.