Navigating FCNR Deposits for NRIs/OCIs | Turtle Finance

​FCNR has made headlines these past few months, with rates spiking as high as 6-7% after the RBI's swap window and rate ceiling removal. A lot of NRIs are rushing to lock in deposits, and some are also looking at leveraged FCNR strategies to boost returns, without fully understanding what the leverage actually involves, where the real risk sits, and how the tax picture changes by country.

​This time, Turtle is breaking down FCNR end to end with our banking and compliance expert Shruti Srivastava (CWM, Banking and Compliance Advisor and Financial Planner, 13+ years managing cross-border banking and wealth for NRIs across the UAE, UK, US, and Singapore).

​What we'll cover

📌 Why FCNR rates have spiked, and what's actually driving the current opportunity
📌 How FCNR deposits work: currency options, tenure, and repatriation rules
📌 Leveraged FCNR strategies: how the interest rate spread works, and what can go wrong
📌 What to check before locking in a deposit: eligibility, tenure, and lender terms
📌 Tax considerations by country of residence (US, Canada, UK, and more), so you know what to plan for on the way in

​Session details

⏰ 1-hour live webinar including live Q&A
📅 Wednesday, 19 August 2026
🕰️ 9:00-10:00 AM PT | 12:00-1:00 PM ET | 9:30-10:30 PM IST

​Get clarity on the FCNR opportunity, understand what leverage really means for your deposit, and avoid the mistakes that are easy to make and hard to undo.

​RSVP today 🐢