#1
2nd February 2018, 09:04 AM
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Corporation Bank FCNR
Hii sir, I wants to get the Information About the Fixed Deposit/Re-investment Fixed Deposit of the Corporation Bank ?
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#2
2nd February 2018, 09:05 AM
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Re: Corporation Bank FCNR
Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. As you Asking for the Information About the Fixed Deposit/Re-investment Fixed Deposit of the Corporation Bank the Information is given below Currency in which A/c is opened At present FCNR can be opened in AUD, CAD ,USD ,EUR, GBP Joint Account Joint A/c with another NRI is permitted In case of joint a/c with resident the A/c can be on FORMER OR SURVIVOR basis ONLY Minimum Deposit Deposits can be opened in designated currencies with a minimum deposit amount of-AUD 1000, CAD 1000, USD 1000, EUR 1000 and GBP 1000 Period of Fixed Deposit Minimum 1year- Upto 5 Years Nomination Nomination facility may be extended to the NRE account-holder . Nomination can be made by the depositor/s or account holder/s in favour of only one individual. INR Loan against FD to the a/c holder PERMITTED, For arriving at the amount of loan and margin rupee equivalent may be calculated at the prevalent Notional rate or market rate whichever is lower on the date of release of loan. Last edited by pawan; 2nd February 2018 at 09:07 AM. |