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YES BANK’s Premium Rupee Plan is an attractive opportunity to earn additional yield, over and above FCNR deposit interest rates, by booking a forward contract.
Premium Rupee Plan is ideal for customers who wish to multiply their FCNR (B) deposit returns and entail maturity proceeds in Indian Rupees.
key attractions
EARN
Earn additional yield, over and above FCNR deposit interest rates, by booking a forward contract
MINIMUM DEPOSIT
Minimum Deposit amount is USD 25000 or its equivalent
features & benefits
High returns
Higher returns than NRE FD and FCNR deposits
Capital risk
No capital risk as money is invested as FCNR Fixed Deposit
REPATRIATION
Maturity proceeds of Premium Rupee Plan is freely repatriable
Exchange rates
Protection from exchange rate fluctuation
Premium rupee plan
Premium Rupee Plan is available for tenures up to maturity of FCNR (B) deposit
Other benefits
View our hosts of other benefits
View our hosts of other benefits:
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Ideal for customers who wish to multiply their FCNR (B) deposit returns and entail maturity proceeds in Indian Rupees.
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Money is put in USD/GBP/EUR/JPY/AUD/CAD/HKD/SGD denominated FCNR deposit, which earns interest as per prevailing FCNR interest rates. At the time of booking the FCNR, a Forward Agreement is drawn to exchange the maturity amount of the foreign currency in INR at a predetermined exchange rate (Forward Rate).”
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Easy documentation
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Funds can be bought in any convertible currency, which will be converted to USD/GBP/EUR/JPY/AUD/CAD/HKD/SGD, as per your request
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Minimum Deposit amount is USD 25000 or its equivalent
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Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more
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