FCNR Deposits

FCNR Term Deposits are an investment option for NRIs who prefer to hold their deposit in a foreign currency of their choice and with interest payment also in the same currency. FCNR deposit insulates the depositors from risks relating to currency conversion and foreign currency exchange rates. Returns on FCNR deposits are higher than those offered by similar products abroad.

  • TDS Exempted

    On interest earned

  • High Rate of Interest

    Compared to other such product abroad

  • Repatriable

    Both interest and principal