14B.6
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Manner of Payment of Interest
(i)Interest on balances held in FCNR(B) accounts may be paid half-yearly or on an annual basis as desired by the depositor.
(ii)Interest may be credited to a new FCNR(B) account or an existing/new NRE/NRO account in the name of the account holder, at his option.