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- by babasingh
- Mon Jul 23, 2012 2:11 am
- Forum: To Chennai, Bengaluru, Tamil Nadu, Karnataka
- Topic: Thinking of opening a FCNR deposit for 1 year
- Replies: -1
- Views: 114
Thinking of opening a FCNR deposit for 1 year
[SUB]Hi I am thinking of opening a FCNR deposit for 1 year. I have been wary of these for a long time as it's not FDIC insured and didn't want to complicate my tax returns. What are they key things to keep in mind before opening such an account ? I know i have to add the interest earned in the 1099 ...
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