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Are FCNR (B) Deposits Risky For Non Resident Indians (NRIs)?
Foreign Currency Non Resident Deposits (FCNRB) can be opened by a Non Resident Indian (NRI), though there are certain restrictions on them. These deposits are popularly called (FCNR) B Deposits and can be held only in foreign currency. NRIs and PIOs ...

NRE, FCNR deposits rates rise as banks woo NRIs
Banks are beginning to woo NRIs with higher returns on NRE and FCNR deposits after domestic liquidity conditions were tightened by the RBI. This month the RBI allowed banks a hike in FCNR (B) rates to LIBOR plus 4 per cent ...
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