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IND Rupee Gain

IND Rupee Gain

  • An innovative Deposit scheme that gives you an impressive return.
  • It consists of FCNR Deposit and Forward Contract, repaid in INR to NRE Savings Bank Account on maturity by converting at contracted forward rate on due date of Deposit.
  • The return is the sum of FCNR Interest rate + Forward premium for relevant period.
  • IND Rupee Gain Deposit can be opened either with funds available in NRE a/c or with Fresh remittance.
  • Minimum amount of IRG deposit is USD 10,000 and in case of non-USD currencies, minimum amount is equivalent to USD 10,000.
  • The tenor and the currency can be selected based on the FCNR interest rate and forward premium applicable for the respective currencies.
  • The IRG proceeds are freely repatriable and Tax free in India.

( Last modified on Nov 01, 2025 at 08:11:42 PM )

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