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What type of account can I send money to for an FCNR deposit?
This depends on your bank’s funding process. Some banks may ask you to send money to your NRE account, while others may provide different funding instructions.
Before making a transfer, speak to your bank or Relationship Manager to understand the required process. Once you have the funding instructions, you can use Instarem to transfer your funds at competitive exchange rates.
Related FAQs
What is an FCNR deposit? Which currencies can be held in an FCNR deposit? Does Instarem offer FCNR deposits? How do I open an FCNR deposit? How long does the transfer take? Is there a minimum or maximum amount for this transfer?Didn’t find what you were looking for?
Have a Personal Instarem account?
- Log in to your account on the Instarem app or web.
- Go to your Profile section.
- Tap on Help.
- Search for the relevant topic.
- Raise a ticket or chat with us if you didn’t find what you were looking for.
Have a Business Instarem account?
- Log into your account on the Instarem business portal.
- Tap on Help.
- Search for the relevant topic.
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You can raise a ticket by:
- Clicking Submit a request at the top-right corner of the Help Centre page, or
- Clicking Raise a ticket after selecting a topic or FAQ.
- We’ll get back to you once your request is submitted.
