NRI Products/Services
Foreign Currency Non Resident Account (FCNR(B)
For NRIs*/PIOs
Source of funds : Remittance from overseas/Transfer from existing NRE/FCNR(B) accounts
As Term Deposit only (Revised every month)
Period : from one to five years
Maintained in US Dollar (USD), Sterling Pound (GBP), Euro (EUR)
Repatriation facility for principal and interest
Joint Account permitted with other NRIs.
Loan/Overdraft facility against Term Deposits (Details at S.No. B. 3.)
Premature withdrawal of Term Deposits permitted
Interest earned is fully exempted from income-tax
For Interest Rates Click Here