Skip to main content
Bank Deposits

FCNR

A FCNR deposit, or Foreign Currency Non-Repatriable account deposit, is a type of Fixed Deposit Foreign Currency account strictly for depositing, not for saving. It allows for deposits in major currencies such as US Dollars, UK Pounds, Canadian Dollars, Deutsche Marks, Japanese Yen, and Euros. Unlike a savings account, this type of deposit offers the potential to earn higher interest rates.

Related terms

Bank fixed deposits

Understand the meaning and definition of Bank fixed deposits in the context of stock market, trading, and investments.

MORE
Nomination

Understand the meaning and definition of Nomination in the context of stock market, trading, and investments.

MORE
Deposits

Understand the meaning and definition of Deposits in the context of stock market, trading, and investments.

MORE
Simple Interest

Understand the meaning and definition of Simple Interest in the context of stock market, trading, and investments.

MORE
Repayment

Understand the meaning and definition of Repayment in the context of stock market, trading, and investments.

MORE
Fixed deposit

Understand the meaning and definition of Fixed deposit in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store