FCNR accounts are protected against forex rate risks (changes in the value of rupee vis-a-vis the currency in which the account is denominated) as they are maintained in a foreign currency. In other words, the principal and the interest are transferred in the currency in which the account is maintained sans any loss of exchange. The forex risk is therefore absorbed by the bank.
The full form of ATM is
How many digits does the IFSC code contain?
Union Education Minister Dharmendra Pradhan inaugurated the state-of-the-art Centre for Nanotechnology and Centre for Indian Knowledge System at IIT ___...
How much did Union Bank of India commit to measure in terms of financed emissions through its signing of the PCAF in 2024?
There are some major plan related statements for women empowerment and child development in Uttarakhand, which of the following statements is not correct?
Which of the following lists includes examples of cash crops cultivated in India?
In which year was the Madras High Court established?
Who is the Head of Committee to Review Governance of Boards of Bank by RBI in 2014?
When were the first Paralympic Games held?
The "Kanger Ghati National Park" is located in which state?
