Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there any stipulations regarding the maturity of a FCNR account?

account FCNR maturity stipulations

1 Answer

0

Unlike the NRE account, which can be a savings, current or term deposit, your FCNR deposits has to be a fixed deposit for one of these three maturities: (a) one year and above but less than 2 years, (b) two years and above but less than 3 years and (c) three years.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.