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Deposits
Invest in an FCNR deposit linked forward cover product earning higher INR yield by locking-in the conversion rate
Combines attractive interest rates with 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
USD 10,000 or equivalent with Tenure from 3 months to 5 years
Features and Benefits
Documentation
Combine attractive interest rates with the added advantage of rising exchange rates
Money is invested in Fixed Deposits, so no capital risk involved
Tenure options from 3 years to 5 years
USD 10,000 or equivalent
Interest earned not taxable in India
Earnings can be repatriated on maturity
Eligibility and Documentation
Download Forms
General (1 year < 13 months) 6.75% Less than 1 Cr
Sr. Citizen (1 year < 13 months) 7.25% Less than 1 Cr
NRI Forex Rates
NRE Recurring Deposit
NRO Rupee Deposit
NRE Rupee Deposit
NRO Recurring Deposit
Introduction of Standing Instruction Bounce Charge w.e.f. May 1, 2016
With effect from 1st July 2016, Demand Draft Charges applicable for Domestic and NRI Savings accounts have been revised
Please note that w.e.f. 1st May 2016, Monthly Service Fees for NRI Savings accounts has been revised.
Axis Bank launches enhanced set-off facility at portfolio level for PIS transactions with effective from 1 April, 2016
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