ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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INDIAN WORKERS IN WEST ASIA-The Uncared for NRIs

are originally denominated. The other major difference between the NRI bonds and the non-resident deposit scheme is with respect to the interest rate. The interest rate on the bonds is 11.5 per cent, one percentage point above the rate on FCNR deposits, whereas the rate on NRER deposits with a maturity of five years is 13 per cent.

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