FCNR deposit<\/a> is that the interest received in tax free for both. Also the money from both accounts is easily repatriable.
FCNR is suited if you want to keep your investment in Foreign currency like USD. This gets rid of the currency fluctuation risk. However if you want to convert your money to Indian rupee, NRE account makes more sense as the interest rate offered is also higher.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"Compares the best interest rates on NRE Fixed Deposit \ud83d\udcb1\ud83d\udcb2\ud83c\udfe6\ud83d\udcb5 along with pre-closure penalty. IDFC Bank, DCB Bank, Ratnakar Bank, Tamilnad Mercantile Bank and small financial banks offer highest interest rate across most tenures.<\/p>\n","protected":false},"author":1,"featured_media":12110,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[195,683,30,3013,3373],"tags":[3383,3384,3747,3385,3386,3387,3388,3389,3390,3748,3391,3392,3393,3394,3395,3396,3397,3398,3399,3749,3750,3400,3751,3401,3402,3403,3404,3405,3406,3407,3408,3752,3409,3410,3411,3412,825,3377,3427,328,3428,691,3413,3414,3415,3416,3417,3418,3753,3419,3420,3421,3422,3754,3423,3424,3755,3425,3426],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021.png",1160,620,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021-300x160.png",300,160,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021-768x410.png",768,410,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021-1024x547.png",1024,547,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021.png",1160,620,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021.png",1160,620,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2021\/04\/Best-NRE-Fixed-Deposit-Interest-Rates-for-NRIs-April-2021.png",120,64,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":16,"uagb_excerpt":"Compares the best interest rates on NRE Fixed Deposit \ud83d\udcb1\ud83d\udcb2\ud83c\udfe6\ud83d\udcb5 along with pre-closure penalty. IDFC Bank, DCB Bank, Ratnakar Bank, Tamilnad Mercantile Bank and small financial banks offer highest interest rate across most tenures.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7956"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=7956"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/12110"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=7956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=7956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=7956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}