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Forward Plus

Is a forward contract taken in a currency of your choice* against an underlying foreign currency fixed deposit placed with the Bank

 

With Forward Plus, you get to enjoy the higher returns from a foreign currency fixed deposit† without worrying about the exchange rate risk.

 

*Please check with us for the range of currencies available for Forward Plus. † Kindly note that foreign currency fixed deposits are excluded from insurance coverage under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011.

Features of Forward Plus

  • Enhanced returns

    Get potentially better yield than a traditional fixed deposit by putting your money in a foreign currency fixed deposit and hedging the exchange rate risk using Forward Plus.

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  • Choice of tenors

    You get to choose a suitable investment tenor ranging from 3 months to 3 years

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  • Range of currencies

    Choose between a range of currencies* that currently includes US dollar.

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    * Please check with us for the range of currencies available for Forward Plus.

     

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