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A fixed or pegged rate is determined by the government through its central bank. The rate is set against another major world currency (such as the U.S. dollar, euro, or yen). To maintain its exchange rate, the government will buy and sell its own currency against the currency to which it is pegged.

An account maintained in a foreign bank in the currency of the country in which the bank is located. When such accounts are kept, they usually represent that portion of the carrying bank´s foreign currency account that is in excess of its contractual requirements.

Foreign Currency - Indian Rupee (FCY-INR) and Foreign Currency - Foreign Currency (FCY-FCY).

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Strike Rate can be equal to Spot Rate on the investment opening day or ?shifted? from 0.001 to 0.30.

DCD is a type of transaction in which the deposit of the customer is secured as collateral, and the bank pays a premium to the customer for the transfer of the right to buy or sell a foreign currency on a specified date and at a specified rate. You can perform your DCD transactions at our nearest branch.

DCD is a type of transaction in which the deposit of the customer is secured as collateral, and the bank pays a premium to the customer for the transfer of the right to buy or sell a foreign currency on a specified date and at a specified rate. You can perform your DCD transactions at our nearest branch.

A fixed exchange rate is a regime applied by a government or central bank that ties the country's official currency exchange rate to another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band.

A Dual Currency Investment is a non-principal protected investment product with floating return. By linking to the performance of foreign exchange rates, you will have a chance to earn potential return, as well as meet your foreign currency investment needs.

A foreign currency fixed deposit is a type of time deposit issued by banks to investors who would like to keep foreign currency for future use or hedge against foreign currency fluctuation. The money deposited in the FCFD account cannot be withdrawn until the agreed fixed term has expired.