What does the Rupee Plus Plan offer you?

	The NRE FD interest rate, being regulated by Reserve Bank of India, is nearly the same across banks. In the Rupee Plus Plan we have devised a way to make your money work harder and smarter and earn higher returns in terms of INR as compared to an NRE FD.
	Currencies: You can bring funds in any convertible currency, which will be converted to USD (if not in USD already).
	Minimum Deposit: USD 10,000 / EURO 10,000 / GBP 5,000 / INR 500,000.
	Tenor: For 1 year only.

How does the Rupee Plus Plan work?
Instead of putting the money in an NRE FD directly, the money is put in USD denominated FCNR. This FCNR earns interest as per the prevailing FCNR interest rates. Additionally, at the time of booking the FCNR a forward agreement is also drawn to exchange the maturity amount of USD to Rupees at a given rate (Forward Rate).

Rupee Plus Plan Advantage

	On an average the returns are significantly higher compared to putting your money in NRE FD as per the prevailing market rates.
	Returns in Rupee terms are assured once the deal is booked irrespective of the future movements in currency markets.