Residents eye FCNR party for NRIs
Synopsis Wealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to
Synopsis Wealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to invest in lucrative FCNR accounts.
This strategy aims for high returns and potential tax benefits. NRIs are also moving funds to these new deposits. This practice echoes past schemes, offering
attractive dollar returns.
The BriefWire