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About http://www.bankofmaharashtra.in/nri_services_fcnr.asp:
Information on Foreign Currency Accounts from Maharashtra Bank to Non Resident Indians...
Description:
pacing=0 cellpadding=0> //HV Menu v5- by Ger Versluis (http://www.burmees.nl/) //Submitted to Dynamic Drive (http://www.dynamicdrive.com) //Visit http://www.dynamicdrive.com for this script and more function Go(){return} Your browser does not support script FOREIGN CURRENCY (NON RESIDENT) ACCOUNTS (BANKS) SCHEME - FCNR (B) DEPOSITS The account can be opened by Non-Resident Indians (NRI) and Overseas Corporate Bodies (OCB). The account should be opened by the Non-Resident account holder himself and not by the holder of Power of Attorney in India . These accounts are Term Deposit accounts with minimum maturity of one year. The maturity period ranges from one year to three years. The account will be maintained in Foreign Currency. You will be earning interest on the deposits in foreign currency only. The account can be opened jointly with another non-resident provided all the account holders are persons of Indian nationality or origin. Opening of account with resident I...