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.
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.
- 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.