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

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.

Choice of tenors

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

Range of currencies

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

 

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