Savings have always been at the heart of financial planning. Earlier, families kept money aside without expecting returns. But today, with financial products like Fixed Deposits (FDs) and recurring deposits, your savings can grow steadily.
For Indian citizens, FDs like the Bajaj Finance FD (offering up to 7.30% p.a.) have become a trusted option. But what about Indians living abroad? That’s where the Foreign Currency Non-Resident (FCNR) deposit comes in—a scheme designed to help Non-Resident Indians (NRIs) save in foreign currency while investing safely in India.
Just like an FCNR deposit shields you from currency risk, a Bajaj Finance FD shields you from market risk—giving you guaranteed, stable returns. Open FD.
What is FCNR Deposit?
FCNR stands for Foreign Currency Non-Resident. It is a term deposit account that allows NRIs, Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) to park their overseas income in India while keeping it in foreign currency.
This means your money is not exposed to rupee depreciation. You can hold deposits in currencies like USD, GBP, Euro, JPY, or CAD, and there’s no maximum limit to how much you can invest.
For residents in India, a Bajaj Finance FD offers a similar sense of safety, with flexibility in tenure (12 to 60 months) and assured growth. Check latest rates.
