A forward cover to protect currency risks on FCNR deposits
Beat the volatility in exchange rates and secure your investments with forward cover. You can simply hedge your investments in either local or foreign currencies on both existing and new FCNR accounts.
Fully repatriable and tax-free
The income that you earn is tax-free. Moreover, you can also easily transfer funds to your home country, as both principle and interest are fully repatriable.
Higher yield
Forward cover increases the yield on FCNR deposits. Thus, it addresses the disadvantages of lower interest rates and risks related to volatile Rupee.
Diverse currencies
You have the option to hedge not only local currency, but also a foreign currency of your choice with a forward cover.
No currency fluctuation risks
Forward cover locks in an exchange rate at maturity and thus, helps you eliminate any uncertainty related to exchange rate risks.
