Federal Bank launches special FCNR deposit scheme with 6.25% interest rate
Federal Bank has introduced a special foreign currency non-resident (FCNR) deposit scheme in US dollars, offering an interest rate of 6.25% per annum for tenures between three and five years. The new product, named the FCNR Max Deposit Scheme, is targeted at non-resident Indian (NRI) customers seeking relatively stable, foreign currency-denominated investment options with higher…
