IND Rupee Gain

An innovative Deposit scheme that gives you an impressive return.
It consists of FCNR Deposit and Forward Contract, repaid in INR to NRE Savings Bank Account on maturity by converting at contracted forward rate on due date of Deposit.
The return is the sum of FCNR Interest rate + Forward premium for relevant period.
IND Rupee Gain Deposit can be opened either with funds available in NRE a/c or with Fresh remittance.
Minimum amount of IRG deposit is USD 10,000 and in case of non-USD currencies, minimum amount is equivalent to USD 10,000.
The tenor and the currency can be selected based on the FCNR interest rate and forward premium applicable for the respective currencies.
The IRG proceeds are freely repatriable and Tax free in India.

( अंतिम संशोधन Dec 21, 2024 at 04:12:24 PM )

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