If you are living and working in Singapore or Hong Kong and thinking to open FCNR (Foreign currency Non-resident) fixed deposits in Singapore and Hong Kong dollar i.e. SGD or HKD then, unfortunately, you don't have many choi…
Hello guys, FCNR term deposit is very hot at the moment. As I said in my last post it Right time to invest in FCNR deposit , it's the perfect time to get much better interest rates on foreign currency in India than abroad. If…
With Rupee falling every day and touching a new all-time low of almost $1 to Rs 83, many of NRI Indians are asking this question, is it a right time to transfer money to India or is it the right time to invest in FCNR deposits …
![Can You break FCNR Fixed Deposit before Maturity? [Answered]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFPB1al9aViEuOZUvJ4VMmAEs6umzNXqsDHo5jxhw8CgY07-neq0PXUjvd7qX_CdZKnNQCYM4JsrchK_wTcwh-MqhjOPm4ZOOtirOxDnprQeS__EQiwBc-E61vn23rs4QDcwU7aJiNq6E/s1600/FCNR+fixed+deposit+premature+withdrawl+penalty.jpg)
Due to high interest rate offered by Indian banks for NRI customer there is a lot of interest on FCNR and NRE Fixed deposits and I am receiving query like can I break my FCNR deposit before maturity almost everyday now. It depend…
One of the most common doubt among Non Resident Indians related to NRI accounts are, what will happen to their NRE, FCNR, and NRO account when they return back to India? Even though you are not coming back in near future its go…
Should you Invest in FCNR fixed or term deposit? FCNR (Foreign Currency Non Resident) deposit is another way NRI can invest money in fixed deposit, this is the third option for Indians staying abroad along with more popular NRE…