Why FCNR Deposits Are Back In Focus For NRIs Amid Rupee Volatility
Last Update Date: 05-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that FCNR deposits shield holders from rupee movements because principal and interest are paid in the same foreign currency, and that the interest is tax-exempt for NRIs and RNORs.
More of Abhishek's views on saving and deposits
The article explains FCNR(B) deposits, which let NRIs and OCIs hold fixed deposits with Indian banks in foreign currencies. With the rupee volatile, it covers how keeping principal and interest in foreign currency avoids conversion loss, tenures of one to five years, repatriation and tax treatment.
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Why FCNR Deposits Are Back In Focus For NRIs Amid Rupee Volatility