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Deposits

NRI-Pro Foreign Currency Deposit

Invest in an NRE deposit linked forward cover product designed to earn high yields in Foreign Currency

Low Minimum Deposit

INR 500,000 or equivalent

Attractive Returns

Combines attractive interest rates with added advantage of rising exchange rates

No Capital Risk

No capital risk involved as money is invested in Fixed Deposit

Forward Contract

Forward can be booked on existing Fixed Deposit or fresh Fixed Deposit

Features and Benefits

Use the locked-in exchange rate to convert rupee funds into foreign currency at the end of the tenure and get higher returns

Attractive interest rates with the added advantage of rising exchange rates

No capital risk involved as money is invested in Fixed Deposit

Forward can be booked on existing Fixed Deposit or fresh Fixed Deposit

Tenure options from 3 months to 5 years

From as low as Rs. 5,00,000 or equivalent

Interest earned not taxable in India

Earnings are fully repatriable on maturity

Eligibility and Documentation

Fees and Charges

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