Indian banks are providing interest rates between 6% and 7% in dollar terms for 3-5 year Foreign Currency Non-Resident (FCNR) deposits, which is higher than the 4.2-5.3% offered by US Treasuries. That said, FCNR accounts involve specific lock-in periods and exposure to bank risks. Financial experts suggest that FCNR deposits are a good fit for NRIs looking for better USD returns who are comfortable locking away their money for future use in India, whereas US Treasuries provide better access to liquidity.
by shortkt.com✓