FCNR deposits are an attractive option for NRIs
- FCNR deposits earn higher interest for NRIs. The interest is tax-free in India
Today, non-resident Indians (NRIs) are facing the most uncertainty ever since the 2008 crisis, especially with the evergreen tech sector also being under pressure. Coupled with the recent fall in global equity and fixed-income markets, it is only prudent that NRIs look for safer investment options.
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