What type of account can I send money to for an FCNR deposit?
This depends on your bank’s funding process. Some banks may ask you to send money to your NRE account, while others may provide different funding instructions.
Before making your transfer, speak to your bank or Relationship Manager to understand the required process. Once you have the funding instructions, you can use Instarem to transfer your funds at competitive FX rates.
Need help? Submit an enquiry.
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? Does Instarem offer FCNR deposits? 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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