Beat the volatility in exchange rates and secure your investments with forward cover. You can simply hedge your investments in either local or foreign currencies on both existing and new FCNR accounts.

The income that you earn is tax-free. Moreover, you can also easily transfer funds to your home country, as both principle and interest are fully repatriable.

Forward cover increases the yield on FCNR deposits. Thus, it addresses the disadvantages of lower interest rates and risks related to volatile Rupee.

You have the option to hedge not only local currency, but also a foreign currency of your choice with a forward cover.

Forward cover locks in an exchange rate at maturity and thus, helps you eliminate any uncertainty related to exchange rate risks.