As part of efforts to rescue the sinking rupee, the Reserve Bank of India freed interest rates on FCNR deposits.

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This allows banks to set their own interest rates on FCNR fixed deposits to compete with each other by offer high interest rates. In order to help NRIs to compare and find the banks that offer high interest rates, we collected FCNR interest rates offered by popular banks in India and presented them in an easy to way to compare and make a decision.

USD Exchange RatesGBP Exchange Rates and GBP FCNR Rates.

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FCNR account stands for Foreign Currency Non Resident account and they are provided by banks operating in India. It allows nonresident Indians to open fixed deposits in India and earn high interest rates.

You may open fixed deposits in USA banks which give 0. As I write this article on Sep 25thmost of the USA banks hdfc usd exchange rates offering 0.

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Being an NRI gives you the edge of earning high interest rates! Most of us are worried about foreign exchange rates and sliding rupee.

Who would want to convert dollars to rupees and have sleepless nights thinking about sinking rupee! FCNR deposits are always maintained in your foriegn currency dollar, pound, etc and on maturity you will get the money bank in the currency you invested.

So you are impressed at the FCNR account returns and would like to take advantage of it. You need your passport, Visa and foreign address proof documents like electricity bill, phone bills, apartment rental agreement, etc and foreign currency how to get rich off penny stocks deposit.

You may use the above comparison information to first select the bank where you want to open FCNR account. Then visit the bank website to find complete list of documents required for opening the account.

Each bank has their own process and documents requirement. Better to check with the bank by contacting the customer care.

This is a routine disclaimer you would have seen in other pages on this website. We are a bunch of enthusiasts who have interest of gathering information and sharing it.

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Before using our information, do thorough research and take decisions on your own. We are not responsible for any situations that arise due to using this information. Compare FCNR Interest rates - US Dollar deposits.

We gather information manually, so do your home work before using our content.