does this tax regime apply to NRIs too? Like I am a NRI and want to invest in FMPs..till now I have only done FDs strictly, but looking to go to FMPs as, as you suggest these r equally good alternatives. More info on tax regime for NRIs please. and u also mentioned except for 5 yrs tenure where FDs provide a tax break. plz explain this in respect to how it applies to a NRI and NRE money