Invest in Global Currencies with FCNR Fixed Deposits

To apply for a Foreign Currency Non- Resident (FCNR) Fixed Deposit in India:

1. Check if you qualify.
2. Apply online.
3. Submit required documents (Aadhaar, PAN, utility bill/passport, salary slips/income tax returns).
4. Receive your FCNR Fixed Deposit confirmation.

Foreign Currency Non-Resident (FCNR) Fixed Deposit is an investment account that allows non-resident Indians (NRIs) to hold their foreign income in major global currencies.

Foreign Currency Non-Resident (FCNR) FDs offer several benefits:

1. Currency Diversification: You can invest in global currencies, reducing the risk of holding assets in a single currency.

2. Hedging against Currency Fluctuations: By locking in a fixed exchange rate, you protect your funds from adverse currency movements.

3. Attractive Interest Rates: FCNR FDs typically offer higher interest rates compared to domestic deposits, increasing your returns.

4. Repatriation: You can repatriate both the principal and interest amounts in the foreign currency chosen at the time of deposit, providing flexibility in managing your funds.

FCNR Fixed Deposit can be opened in six major global currencies including US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars.

FCNR Fixed Deposit has a minimum tenure of one year and a maximum tenure of 5 years.