Can My Friend Deposit Money In NRO Account? Can my friend deposit money in NRO Account? Yes. Your friend can deposit money in NRO Account as gifts in INR from any resident or NRE/NRO account holder is allowed in an NRO Account. Who can deposit money in NRO account? Savings account for Indian residents to
Is FD A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. … The interest rate varies between 4 and 7.50 percent.
What Is AAA FD? It is better to invest in company fixed deposits that carry AAA ratings denoting high safety for capital invested and interest earnings. … “Company fixed deposits are unsecured in nature and don’t have any Deposit Insurance in place as of now unlike Bank FDs where up to Rs 5 lakh is