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FCNR

FCNR deposits stands for Foreign Currency Non-Repatriable account deposits. This is a Fixed Deposit Foreign Currency account and not a savings account. Deposits in this account can be made in any of the major currencies like US Dollar, UK Pound, Canadian Dollar, Deutsche Mark, Japanese Yen and Euro.

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Bank Fixed Deposits

News On FCNR
Indian Bank revises FCNR (Banking) term deposit rates

05-07-2018| Source:PTI

, (in USD) for FCNR (banking) deposits has been revised to 3.59 percent for deposits of one year and above, but less than two years, from the existing 3.51 percent.For deposits of two years and above

India has adequate 'firepower' to deal with rupee volatility: Economic Affairs Secretary

29-06-2018| Source:Reuters

firepower," Garg said.If needed, the government could raise funds through foreign currency non-repatriable (FCNR) deposits, sovereign bond or other routes through to increase forex reserves, he added."If we

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