Key differences between FCNR, NRO, and NRE account are tabulated below:Ĭurrent account/ savings account/ Recurring Deposit/ Fixed Deposit For complete details, please visit Terms and Conditionsĭifference between FCNR, NRO and NRE accounts
Better Foreign currency yields with attractive FCNR rates.Denominated in foreign currency, so no impact of exchange rate fluctuations.Here are four benefits of holding an FCNR account: Quick processing: Electronic Deposit Confirmation Advice (E- DCA) on your e-mail ID in 1 working day (if you have subscribed for account statement via e-mail).Attractive loan options: Loans up to 85% of your deposit at attractive interest rates (Maximum Rs.Tax benefits: Interest earned is not taxable in India.
Easy movement: Principal amount and interest earned are fully repatriable.Hassle-free renewal: Automatic renewal of your principal and interest on maturity.
