Does Instarem offer FCNR deposits?
No. Instarem does not offer FCNR deposits. As a cross-border money transfer service, Instarem helps you send money overseas to your Indian NRE bank account. You can then request your bank to place those funds into an FCNR deposit.
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Instarem is a payment service provider. The information in this Help Centre is for general guidance only and does not constitute financial, investment or tax advice. Please consult your bank and appropriate professional advisers before making financial decisions.
Related FAQs
What is an FCNR deposit? Which currencies can be held in an FCNR deposit? What type of account can I send money to for an FCNR deposit? How do I open an FCNR deposit? How long does the transfer take? Is there a minimum or maximum amount for this transfer?Didn’t find what you were looking for?
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