Your foreign currency savings can earn attractive returns in India. With the Foreign Currency Non Resident (FCNR) deposits, you can do so without converting your savings to Indian rupees.
- Foreign Currency Non Resident(FCNR) deposits can be maintained in GBP, EUR and USD
- Open a deposit with as low as GBP 15,000 / EUR 17,000 / USD 25,000
- Interest income is not taxed in India
- Minimum period 1 year and maximum period 5 years
- Principal and interest amounts are fully repatriable