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Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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Max Returns FD (INR)

You can now earn better returns compared to regular fixed deposits in foreign currency or in rupees by booking a Forward Contract against your deposits.Read More

Features:-
• Get maturity value upfront with assured returns, regardless of market volatility
• Simplified documentation for booking deposits and FCNR forward contract applicationRead Less

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Why Max Returns FD (INR)?

Better returns than NRE Fixed Deposits

An FCNR deposit is placed for a specific tenure and a forward cover is taken to provide fixed returns in Indian rupees to your account on the date of maturity. Due to the forward cover, the returns are guaranteed on maturity regardless of currency fluctuations.

Better returns than regular FCNR Deposits

An NRE deposit is also placed for a specific tenure and a forward cover is taken to provide fixed returns in foreign currency on the date of maturity. Due to the forward cover, returns are guaranteed on maturity regardless of currency fluctuations.

     

     

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How to create Max Returns FD (INR)?

    At Metra Trust, it is an easy process to create Max Returns FD (INR). Just follow these simple steps -

    1. Contact your Branch/NRI RM for prevalent yields on Max Returns FD (INR) for your choice of duration and currency

    2. Share the necessary documents with us

    3. Select the source of funds from:

        a. Inward Remittance

        b. NRE account held at Metra Trust

    4. We will confirm the details of your Max Returns FD (INR) on recorded lines with the following details:

        a. Principal amount, tenor, deposit interest rate

        b. Maturity amount in FCY/Indian Rupees, forward rate, maturity date and annual yield

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