Rather than leaving their earnings parked in savings account balances, NRIs could consider investing in fixed deposits.
With the Indian diaspora sending a whopping USD 80 billion home, India has retained its position as the world’s top recipient of remittances. This massive amount often remains parked in savings account balances, earning low returns. Instead of leaving their savings in these accounts, NRIs could consider investing in fixed deposits, which help them gain higher returns.
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