3 ms·
Holds true only if you convert your currency to INR. The dollar denominated deposits (FCNR) have far lower yield around 3.4% still better than what the US banks
by deepGem 8y ago
Holds true only if you convert your currency to INR. The dollar denominated deposits (FCNR) have far lower yield around 3.4% still better than what the US banks offer.
https://www.icicibank.com/nri-banking/RHStemp/rates.page https://www.icicibank.com/nri-banking/RHStemp/rates.page
But I think you need to hold an Indian passport to open these deposits. I am not sure though.
- pankajdoharey 8y agoActually even i am not sure about that. There should be some route though, Foreign Institutional Investors do invest so there should be some legal route to circumvent this.