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.

Features

• Foreign Currency Non Resident (FCNR) deposits can be maintained in GBP, EUR and USD
• Open a deposit with as low as GBP 2,000 / EUR 3,000 / USD 4,000
• Interest income is not taxed in India
• Minimum period 1 year and maximum period 5 years
• No penalty on premature withdrawals
• Principal and interest amounts are fully repatriable