Rupee Linked Foreign Currency Deposit - Benefits & Comparison
14 Jul 2022
Rupee Linked Foreign Currency Deposit is a product made for our NRI customers. Customers can convert their Rupee deposit into any convertible currency (presently USD, AUD, GBP and EURO) for a fixed maturity date to get a better yield compared to the NRE Rupee deposit rate as per prevailing market conditions. This product is without any risk to the customer and the customer will get the maturity proceeds in Rupee after the maturity of the deposit.
- Opportunity of a better Yield %
- No Exchange Risk
- Return is Tax-Free
Comparison with NRE TD
|Interest (Applicable as per FCNR (B))||Interest (Applicable as per NRE TD)|
|Premium/Discount available in the market|
This information is generic in nature and is for illustration purpose only. Kindly read all terms & condition prior investing. Please contact your Branch or Relationship Manager to confirm the yield before actual placement of funds.
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