Andhra Bank
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Toll Free Number: 1800 425 1515

Anytimers
 
NRI FCNR B Deposits
 
 Main purpose for which normally accounts are opened


NRIs who wish to be avoid Risk of Foreign Exchange fluctuations, and to avail Repatriation facilities keep their amounts in in FCNR Deposits. These Accounts are maintained in Foreign currency only. 

 
 Currency in which account is maintained


USD,GBP,EUR,AUD,CAD

 
 Type of Deposits


Current, Savings and Term Deposits.

 
 Period of Term Deposits


1 year to 5 years.

 
 Joint Accounts


Permitted with other eligible person.

 
 Operation of Accounts


Depositor can appoint Mandate or Power of Attorney Holder.

 
 Interest rates


Interest is paid in the Foreign currency in which the deposit is placed. For the Latest interest rates  click here.

 
 Permitted Credits and Debits


Remittances from abroad/Transfer from other NRE/FCNR  a/cs and also  interest and Proceeds of Investments made from his NRE account or other NRE accounts which are of repatriable nature

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