Blog
FCNR Deposits: A Quick Guide for NRIs
A Foreign Currency Non-Resident (FCNR) Deposit is a fixed deposit account offered by Indian banks exclusively to Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). Unlike regular fixed deposits, FCNR deposits are maintained in designated foreign currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), […]