5 Tips To Get Started With The FCNR Deposit Account

Looking to deposit your foreign income in India?

The FCNR deposit account can help with guaranteed returns and flexible term. Here are some tips to get started.

Select the right account

Compare and select a deposit account that offers the highest interest rates and is easy to open and operate.

Decide the amount

Once you have selected the tenure, choose the deposit amount depending on your financial goals and affordability.

Choose your tenure

You can deposit money for periods starting from 1 year to 5 years. Choose a tenure that matches your needs.

Choose the process

Open the deposit account by filling out the application form and submitting the relevant documents with the deposit amount.

Keep documents ready

Common documents include your ID proof, overseas address proof, NRI status proof, etc. Submit these documents to open the account.

IDFC FIRST Bank offers an FCNR deposit account with attractive returns, tax-exempt interest income and flexible tenure. Apply now and open your account.