Fixed Deposit Foreign Currency Account
NRI customers need a Fixed Deposit which can be maintained in a currency other than Indian Rupees. To cater to this need, a Foreign Currency Account is created for safe parking of their earnings and provide better returns without converting it in to Indian Rupees.
FCNR Fixed Deposits are an excellent investment option for NRIs looking to retain their money in foreign currency and earn good returns on foreign currency earnings.
RFC (Resident Foreign Currency) Fixed Deposit gives NRIs who have returned to India. A good opportunity to earn high returns on the funds they hold in foreign currency.