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Because of their safety and assured returns in turmoil economic situations, fixed deposits are one of the most popular financial instruments in India. Risk-averse Indian investors prefer to investin fixed deposits. However, not only resident Indians but NRI(Non-residents Indians) can also deposit their earnings in foreign FDs in India. Multiple banks and NBFCs provide NRIs with financial services like NRE accounts, NRO accounts, home loans, personal loans, fixed deposits, and a lot more. Common FDs for NRIs are NRE Fixed Deposits, NRO Fixed Deposits, FCNR Fixed Deposits, RFC Deposit.
