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Foreign Currency Deposits - FCNR Fixed Deposits
 
  Features & Benefits     Tenure     Interest Rates  


Features & Benefits
 
  • Protect your deposit from exchange rate risks by holding the deposit in one of three foreign currencies.
    --- US Dollars
    --- Pounds Sterling
    --- Euro
  • Both, principal and Interest, are fully repatriable.
  • The entire deposit (principal & interest) is exempt from tax.
  • Open the deposit jointly with any other NRI.
  • Avail of Super Saver facility to get an overdraft on your Savings / Current Account against your FCNR Fixed Deposit.
  • Nomination Facility available.
  • Interest on your deposit is paid Half-yearly or Annually at your option.
  • Minimum Initial Deposit :- US $ 500/= or equivalent amount in GBP or Euro.
 
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