alexa Missed Call Number
Home Education What Is FCNR Account?

For more knowledge from around the globe get Indianmoney App Now

Google Play
What Is FCNR Account?

What Is FCNR Account?

Friday, May 5, 2017, 10:55 AM

FCNR deposits stand for Foreign Currency Non-Repatriable account deposits. This is Fixed Deposit Foreign Currency account. FCNRs are not savings accounts but fixed deposit accounts. NRIS can place deposits in all major currencies including UK Pound, US Dollar, Canadian Dollar, German Deutsche Mark, Japanese Yen, Euro, etc. You can open an FCNR account for a minimum term of 1-year. The maximum tenure is 5-years.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!