FCNR (B) FDs offering up to 7.50% interest rate to NRIs, OCIs: These banks offer 6.25% or higher on deposits
· economictimes.indiatimes.com
FCNR (B) interest rate: Government backing for FCNR (B) deposits greatly boosts returns for investors. Presently, banks are providing enticing interest rates for foreign currency fixed deposits. These deposit options are particularly advantageous for Non-Resident Indians and Overseas Citizens.
What is an FCNR(B) account?
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