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Financial Terms

Foreign Currency Non-Resident Account (FCNR)

It is a popular investment option for NRIs looking to diversify their portfolio and mitigate exchange rate risk. FCNRs are available in various currencies and can be opened for a minimum period of one year up to five years. The interest rates offered on FCNR deposits are determined by the Reserve Bank of India and are generally higher than those of domestic deposits.

A Non-Resident External (NRE) Account is a savings or term deposit account that can be opened by NRIs, allowing them to repatriate their earnings from India. This account can hold funds in Indian rupees and is a convenient option for NRIs to manage their finances and earn tax-free interest. NRE accounts also offer the flexibility of joint ownership with another NRI or resident Indian. The interest rates on NRE accounts are also set by the Reserve Bank of India and are typically higher than those of domestic accounts.

On the other hand, a Non-Resident Ordinary (NRO) Account is a

A common term in finance, hive-off refers to the process of a large corporation dividing off a smaller portion to create a subsidiary. This can be done for various reasons, ...

The KYC Registration Agency, also known as KRA, holds a comprehensive database of KYC information within the securities market. This database is regulated by the Securities ...

A currency's decrease in value, also known as depreciation, can be influenced by various factors such as political turmoil and weakening economic conditions. This results in...

Its importance lies in identifying trends, providing benchmarks, and aiding diversification. An Index is a vital tool in the world of finance, as it serves as a statistical...

A collar is a risk management technique used to protect against excessive losses while also capping potential gains. This is achieved by simultaneously purchasing a protecti...

This can occur when a country's currency is pegged to another currency or a basket of currencies. In the realm of finance, the term "revaluation" refers to a situation where...

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Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Retirement Planning

All terms and concepts related to the process of saving and investing to ensure financial security a

Corporate Actions

Terms related to decisions and events initiated by a company that can impact its stock, such as divi

Technicals

All terms and concepts related to technical analysis in finance, which involves using historical pri

IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

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