|
Foreign Currency Non-Resident or FCNR account is a fixed term account opened by NRIs or PIOs with the purpose to transfer their money in foreign currency to India.
Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
An FCNR bank account is a fixed-term (minimum 1 year and a maximum of 5 years) account that can be opened by an NRI or a PIO to transfer their foreign income in the same currency.
These accounts can be maintained in 6 different foreign currencies-
Important Facts About FCNR
Answered on
Add a public comment...
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|