Can NRIs, OCIs get 45% annual return on FCNR(B)?
Synopsis HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to nineteen times their initial
Synopsis HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to nineteen times their initial deposit amount.
The potential for amplified returns arises from the spread between deposit earnings and borrowing costs. However, this leverage strategy carries risks if borrowing costs exceed
deposit interest rates. FCNR(B) deposits also offer protection against Indian Rupee depreciation for investors.
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