How do I pick the right kind of fixed deposit for me?
The right type of NRI fixed deposit depends on your needs. For instance, if you wish to repatriate funds back to the UK, you should consider an NRE Account. If repatriation is not your goal, an NRO FD, which offers higher interest rates, might be the better option. Lastly, if you wish to earn interest income in foreign currencies, you should choose the FCNR NRI Fixed Deposit.