Maintain your foreign currency in Indian rupee denominated deposits and enjoy the benefits of higher interest rates and seamless repatriability. Principal and interest are freely repatriable. Deposits can be held for a period of 3 to 10 years. The depositor who returns to India for good will be allowed to continue the deposit till maturity of the deposit at the contracted rate of interest, if desired. However, except the provisions relating to rate of interest, such deposit would be treated as resident deposits from the date of return of the account holder to India and taxed accordingly for all other purposes.