Can a non-Indian citizen invest in a fixed deposit at an Indian bank?

Asked Sep 12, 2012· 1 answer ·India, Indian Rupee, United States Dollar

Faisal KhanAnswered Sep 12, 2012

Yes they can (See http://www.rbi.org.in/scripts/FA...)

However, the FI on USD is very low worldwide, not just India. If you will convert from USD to Rupee - and then back to USD (after your Rupee Deposit has matured), you will have to take into account the FX loss of the weakening Indian Rupee.

Opening Accounts as a Non-Resident India Indian Rupee United States Dollar Reserve Bank of India

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