Explained: Bring dollars, earn more! RBI made FCNR deposit rates great, luck of NRIs brightened
The Reserve Bank of India (RBI) has given a big gift to Non-Resident Indians (NRIs). The central bank has sweetened the rules for Foreign Currency Non-Resident (FCNR) deposit accounts. After this new change, now NRIs can earn handsome interest of up to 7 percent by keeping their foreign earnings or dollar savings in fixed deposits … Read more