Features & Benefits

With FCNR deposits:
• • • • • • • •

You are set free from worries of exchange rate fluctuations You can fully repatriate both principal and interest Interest earnings are tax free* in India You enjoy the flexibility to maintain your savings in foreign currency Avail of Overdraft against your FCNR Deposits## Maintain the FCNR Deposits jointly with another NRI You can choose from a wide range of tenors, minimum being 367 days^ Appoint a Nominee residing in India, for your FCNR Deposits

Definition of 'Foreign Deposits'
A deposit made at, or money put in to, domestic banks outside of the United States. These deposits are not subject to deposit insurance premiums (a premium paid to ensure that funds can be retreived if the debtor cannot repay the deposit), or reserve requirements (the amount of funds an institution must hold relative to its deposits).

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