Foreign Currency Non-Resident (FCNR - B) Fixed Deposit
Foreign Currency Non-Resident (FCNR - B) Fixed Deposit
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Ideal for NRIs who wish to hold deposits in foreign currency, viz., US Dollars (USD), Pound Sterling (GBP) and Euro (EUR)
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Principal amount and interest earned are fully and freely repatriable
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Interest earned is exempt from Indian income tax
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Term – 1 year to 5 years
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Automatic renewal of your principal and interest facility available on maturity
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Nomination facility available
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Minimum deposit USD 1,000; GBP 1,000; EUR 1,000
- View the complete and updated list of interest rates and charges
Rates are subject to change and depend on the Overnight Alternative Reference Rate (ARR).
- Our existing NRI Savings Accounts holder
An Indian citizen residing outside India for any of the below purposes:
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Employment
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Studies
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Business or vocation
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Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
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Indian nationals who may be mariners or working on oil rigs or foreign registered airlines
PIO (Person of Indian Origin)/OCI (Overseas Citizen of India)
An individual holding a foreign passport (other than Pakistani and Bangladeshi) fulfilling any of the below criteria:
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Has held an Indian passport at any point of time
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Individual’s parent or grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
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Is a spouse of an Indian Citizen or spouse of PIO
Please contact branch for further details
Enjoy attractive returns on your overseas income or earnings in India
Open an NRI Deposit Account with Bandhan Bank today
We will get in touch with you shortly
