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Online Banking Solution India
Every banking facility offers some features and benefits to all customers. Many people trust banks because they keep their assets and capital safe from damage and burglary and provide them with the liberty to withdraw funds whenever needed. There are many unplanned emergencies that people must face at some point in their lives. They require finance to meet the expenses. Hence, they can use those funds for the purpose.
An FCNR account stands for Foreign Currency Non-Resident account. Individuals holding an NRI nationality status can maintain a fixed deposit account in India and save money earned abroad in foreign currencies. The following are the currencies that account holders can deposit in this account:
What are the features it offers? Foreign currency accounts have lots of attractive features and benefits for all its owners. Whenever there is a need for urgent payment or funds abroad, they can use this account while visiting India. They need not worry about allocating funds as they can use the internet and mobile banking to transfer them to the recipient. It is a feasible investment option to maintain funds in India. The following are the features of the account:
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October 2020
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