Overview of FCNB Premium Account:
The "FCNB Premium Account" combines the benefits of a FCNR (B) deposit with Forward Cover to give attractive return to the depositor.
Features & Benefits
FCNR (B) deposit is to be opened in USD, GBP, EUR, CAD, AUD, and JPY.
Deposit Tenor: 1 year.
Minimum deposit: USD 2000, GBP 2000, EUR 2000, CAD 2000, AUD 2000, and JPY 200,000.
Maturity proceeds are payable in Indian Rupees.
If the FCNR (B) deposit is closed before maturity no interest will be paid and Forward contract cancellation charges will also be levied.