What is a Foreign Currency Non-Resident (FCNR) fixed deposit account? know about its features and benefits?

Introduction – Foreign Currency Non-Resident (FCNR): For Non-Resident Indians (NRIs), managing foreign earnings efficiently is crucial. One effective way to achieve this is through a Foreign Currency Non-Resident (FCNR) fixed deposit account. This account allows NRIs to deposit their foreign income in India without converting it into Indian Rupees, thereby avoiding exchange rate risks. An…