This account can be opened by NRI's by way of remittance from abroad. These accounts are useful for business transactions for Individuals and Institutions. (Overseas Corporate Bodies (OCB) cannot have FCNR (B) Deposits effective from 16.09.2003).
- Funds including interests can be repatriated.
- Provides for easy liquidity and convertibility
- Avail of cheque book facility
- Receive monthly account statements
- No interest is applicable on the deposit amount
- Provision for nomination