5. FCNR (Foreign Currency Non-Resident) Fixed Deposit:This scheme is designed for Non-Resident Indians (NRIs) to earn interest on their foreign currency deposits in Indian rupees. It offers competitive interest rates and various tenure options. ...
As the name suggests and unlike the other two types of bank accounts, FCNR accounts are maintained in foreign currency. The principal and interest from these accounts are transferable, but the interest earned is not taxed in India. Did you find an account that suits you? Open anHDFC Bank ...