Should NRIs split savings between FCNR(B) and NRE deposits?

Some people from India live and work in other countries, and they are called NRIs.

They can save money back home in special bank accounts.

One type of account, called NRE, keeps the money in Indian rupees, and the interest is tax-free in India.

But NRE accounts have a risk: if the Indian rupee loses value, the money is worth less in the saver's own country.

Another type, called FCNR(B), keeps the money in foreign money like dollars or euros.

This protects the saver from changes in the value of the rupee.

Smart helpers say you should not choose just by looking at interest rates.

The big question is who carries the currency risk.

Some experts say you can put some money in each type of account.

That way, you can earn higher Indian interest on part of your money and stay safe from currency changes on the rest.

The special bank benefits from India's central bank last until September 30, 2026.