Are FCNR Deposits safe investments?

POSTED BY MD ON October 15, 2014 11:12 am ONE COMMENT

Hello, 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!

One reply on this article “Are FCNR Deposits safe investments?”

  1. Hemanth says:

    I think RBI gaurantees for deposits of Rs.1L per person …. for FCNR, not sure

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