RUPEEMAX

Make your Rupee earn more with RupeeMax
Presenting you with a forward cover product, designed to get you maximum returns in INR. RupeeMax locks into an exchange rate to convert foreign currency investments into Indian Rupees.

Features & Benefits

Why choose this product:

Hedge your foreign exchange risk on your Fixed Deposits
Book a forward contract
on your foreign currency deposit for a period of
1, 2 or 3 years
Book cross currency forwards

No lock-in period
Earn higher yield than your normal FCNR Deposit / NRE Deposit
Repatriate the proceeds on maturity
Simplified documentation

Here's an illustration -

	NRE Deposit	FCNR Deposit with Forward Cover
Deposit Amount (USD)	10,000	10,000
Spot Rate	44.5	44.5
Deposit Rate	2.51%	1.73%
Interest Earned (USD)		173
Conversion Rate (Forward Rate)		47.6
Interest Earned (INR)	11,170	8,235
Redemption Value (USD)		10,173
Redemption Value (INR)	4,56,170	4,84,235
Duration	1 Year	1 Year
Actual Yield	2.51%	8.82%

* Please note that the rates are subject to market fluctuations and may be modified during the day depending on the market. The rates mentioned are purely indicative and are subject to intraday changes based on changes in market levels. The yield mentioned above is only for illustrative purposes and should not be construed as a committed yield.

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