FCNRA

(redirected from Foreign Currency Non-Resident)
AcronymDefinition
FCNRAForeign Currency Non-Resident (Accounts) (banking)
References in periodicals archive ?
NS), has increased the interest rates on foreign currency non-resident (FNCR) term deposits effective January 1, 2018, The Business Line has reported, citing a statement from the bank.
He laid out an agenda for action and a new monetary framework while focusing on raising Foreign Currency Non-Resident (B) deposits to bolster forex reserves.
Expectation of a good monsoon and rollover of $26-billion foreign currency non-resident deposits coming up for renewal in September will also be key to economic growth in 2016/17.
6 -- Foreign Currency Non-Resident (FCNR) deposits with Indian Bank may now fetch revised interest rates as per the announcement made by Indian Bank.
Other measures disclosed to support the rupee include liberalisation of the financial market by enhancing the limits for exporters to re-book cancelled forward exchange contracts and opening a special concessional window for swapping foreign currency non-resident (FCNR) deposits and dollar funds.
In response, a number of banks including Axis Bank, Federal Bank and IDBI Bank raised their interest rates in foreign currency non-resident (FCNR) and non-resident external (NRE) rupee deposits by 50-100 basis points for tenures of above three years.
You could pay through rupeedenominated non-resident ordinary (NRO) or nonresident external (NRE) accounts and foreign currency non-resident (FCNR) accounts.
BANKING AND CREDIT NEWS-August 26, 2013--India's Axis Bank ups interest rates on foreign currency non-resident deposits(C)2013 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-August 26, 2013--India's Axis Bank ups interest rates on foreign currency non-resident deposits(C)2013 M2 COMMUNICATIONS http://www.
NRIs can invest in units of Indian mutual funds from the Non-Resident (Ordinary) Account or Non-Resident (External) Account or Foreign Currency Non-Resident Account.
Side by side, Indian government is allowing non-resident Indians to open foreign currency non-resident accounts which can be denominated in dollars or pounds sterling.
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