Hi,

In reply to your question, yes it does happen that no interest is
paid. The reason for this is the partial convertibility of the rupee
against foreign currency. The RBI allows interest to be paid on any
foriegn deposit only if it is held for a minimum of one year.
Therefore this rule. I dont understand what you mean by RI deposit.

Regards,

ashish_nm


--- In nriinvestmentinindia@yahoogroups.com, "nag_inv"
wrote:
> Hi Everybody
>
> If a NRI fixed deposit is cancelled with
> in 6 months , is it true that bank will take
> back all the interest paid (if it is 5th month
> too).
>
> Is it the same for RI fixed deposit?
>
> If it is not, then why this discrimnation.