In this article, we shall help you understand how NRIs can take advantage of FCNR deposits.įCNR account stands for Foreign Currency Non-Residential Account.
Non-Resident Indians (NRIs) who would like to open an account in India have several options to choose from such as NRE Fixed Deposit Account, Non-Resident Ordinary (NRO) Savings Account, and Foreign Currency Non-Resident (FCNR) Fixed Deposit Account, etc.
