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Diversify with FCNR deposits in USD, GBP, EUR (2-3.5% p.a.)
Maturity Amount
Maturity in INR
Interest Earned
Interest in INR
FCNR(B) Deposits represent specialized avenue for NRIs to maintain foreign currency assets within India while benefiting from repatriation rights and reasonable returns. Available in major currencies (USD, GBP, EUR, AUD, CAD, JPY, SGD), FCNR deposits typically earn 2-3.5% per annum—lower than rupee rates but competitive for foreign currency holdings. Primary advantage lies in hedging against rupee depreciation; if rupee weakens, your dollar-denominated deposit maintains purchasing power while rupee-based deposits lose value. For NRIs earning in foreign currency, FCNR deposits offer natural, tax-efficient holding vehicle without conversion timing concerns or repatriation restrictions.
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.