What is the full form of FCNR?

Answer 1

foreign currency non resident(banking)

Answer 2

FCNR stands for Foreign Currency Non-Resident account. It is a type of bank account in India that allows non-resident Indians (NRIs) to deposit foreign currency in designated currencies. The funds in FCNR accounts are fully repatriable and are usually maintained in major foreign currencies like US Dollar, Euro, British Pound, etc.