The NRI banking system is one of the biggest features of the Indian banking system. Through this system, any NRI, whether residing or travelling, can access his funds through these special NRI Accounts. However, these accounts have different features and benefits, which will provide you with investments. With the right strategy, you can earn high returns. So how do make the full potential of these accounts? We tell you how.
Choose the Currency.
Different accounts have different features and benefits. This also includes the different currencies when investing. With the NRI accounts you have the choice of investing in a foreign or local currency. NRO and NRE accounts offer an excellent opportunity to invest with the local currency only. RFC and FCNR accounts are the best choice for foreign currency. This also includes the FCNR fixed deposit account, which is best for investing in a termed deposit, especially with foreign currency. You can either choose each account depending on the type of currency you want investing in, or you can open both account too.. For example, You can invest your local income in rupees in India through a NRO account.NRI accountsNRI account
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