Day: March 11, 2014
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FCNR : Protecting funds from fluctuating exchange rate
What are FCNR Fixed Deposits? FCNR Fixed Deposits are an excellent investment option for NRIs looking to retain their money in foreign currency and earn good returns on foreign currency earnings. FCNR deposits stands for Foreign Currency Non-Repatriable account deposits. This is a Term Fixed Deposit Foreign Currency account and not a savings account. Deposits…
