POSTED BY October 15, 2014 11:12 am ONE COMMENT
ONHello, With the current FCNR deposit interest rates between 4%-5% depending on the length of the term, just wondering if these deposits are safe? Can RBI be trusted over the next 5 years presuming a 5 year deposit to get the maximum interest rate. Any insight into this will be greatly appreciated. Thanks!
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I think RBI gaurantees for deposits of Rs.1L per person …. for FCNR, not sure