Cosmo FCNR (B)
The Indian account for your foreign currency
A term deposit account created for NRIs and PIOs to invest their foreign currencies in India and earn tax free interest. Attractive interest rates on major currencies of the world.
Maintain your foreign currency in your Indian bank. Cosmos FCNR (B) is a term deposit account that is designed for NRIs and PIOs to invest a minimum deposit of 1000 USD/ EUR/ GBP or 100000 YEN without worrying about currency risks and to earn tax free interests.
Applicable rates for Cosmo FCNR (B) for some major currencies -
|1 year to less than 2 years
|2 year to less than 3 years
|3 Years to less than 4 years
|4 Years to less than 5 years