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Thread 🧵
All about FCNR Accounts
▪️ Concept
▪️ Who can Open and Operate
▪️ Difference with NRE/NRO
▪️ Credits
▪️ Payments
▪️ Repatriation
▪️ Taxability
▪️ Residential Status Changed
▪️ Loans
#FCNR #NRI #Deposits
Retweet🔁 for maximum reach.
⤵️⤵️
All about FCNR Accounts
▪️ Concept
▪️ Who can Open and Operate
▪️ Difference with NRE/NRO
▪️ Credits
▪️ Payments
▪️ Repatriation
▪️ Taxability
▪️ Residential Status Changed
▪️ Loans
#FCNR #NRI #Deposits
Retweet🔁 for maximum reach.
⤵️⤵️
👉Concept
FCNR stands for "Foreign Currency Non Resident Account."
It allows NRIs to invest foreign currency in term deposits in India that too in their preferred currency.
💵💷💴💶
FCNR stands for "Foreign Currency Non Resident Account."
It allows NRIs to invest foreign currency in term deposits in India that too in their preferred currency.
💵💷💴💶
👉 Who can Open and Operate FCNR Account?
It can be opened and operated by NRI, PIO or OCI card holder.
It can be opened and operated by NRI, PIO or OCI card holder.
