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Definition | : | Foreign Currency Non-Resident |
Category | : | Business » Banking |
Country/ Region |
: | India
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Popularity | : |
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Type | : |
Initialism
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Foreign Currency Non-Resident (FCNR) is a fixed deposit account held in foreign currency of choice. The deposits to this account can be made in any of the major foreign currencies.
The full form of FCNR is Foreign Currency Non-Resident