- Deposits are available for a period of 1 year to 5 years.
- The minimum tenure of the deposit is 1 year. No interest is payable if the customer withdraws the deposit before completion of 1 year.
- Customers can invest in foreign currency deposits in USD, GBP, AUD, CAD and EURO without any exchange rate risk.
- FCNR Deposit interest rates are compounded half yearly.
- The principal and returns are freely repatriable and returns are tax free in India.
Resident Foreign Currency Deposit - DCB RFC Deposit
- Applicable to NRIs on transfer of residence to India
- Deposit available from 1 to 3 years duration
- Customers can invest in foreign currency deposits in USD, GBP, EURO, AUD & CAD
- Enjoy half yearly compounding benefit with RFC Deposit interest rate