NRIs who wish to be avoid Risk of Foreign Exchange fluctuations, and to avail Repatriation facilities keep their amounts in in FCNR Deposits. These Accounts are maintained in Foreign currency only. 

USD,GBP,EUR,AUD,CAD

Current, Savings and Term Deposits.

1 year to 5 years.

Permitted with other eligible person.

Depositor can appoint Mandate or Power of Attorney Holder.

Interest is paid in the Foreign currency in which the deposit is placed. For the Latest interest rates  click here.

Remittances from abroad/Transfer from other NRE/FCNR  a/cs and also  interest and Proceeds of Investments made from his NRE account or other NRE accounts which are of repatriable nature