FCNR Account » Repatriation and Taxes
- Both the principal amount deposited as well as the interest earned in this account are fully repatriable
- According to the current regulations, interest earned on your FCNR deposit is exempted from income tax in India (Fully exempt from tax u/s 10(15)(iv)(fa) of the Income Tax Act, 1961)
- FCNR deposits are not exposed to any exchange rate fluctuations and foreign currency risks
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