This deposit plan offers the dual advantage and benefits of both NRE Rupee Deposits and FCNR Deposits. Moreover, since the maturity value is determined in foreign currency at the time of application, the risk of losing money due to a fall in the exchange rate is eliminated.
Key Benefits
- Option to keep the deposit receipt free of cost in Bank's safe custody.
- Intimation of due dates enable you to plan your finance portfolio.
- Automatic Renewal on due date for similar period at the prevailing rate of interest in the absence of fresh instructions to ensure that your money grows timely.
- Acceptance & execution of Standing Instructions.
- Addition and Deletion of name of account holders is permitted.
- Secrecy / confidentiality of your transactions and accounts are maintained.
- Your money stays secure with the bank.
- Provides for easy liquidity and convertibility.
- Provision for nomination.
