Foreign Currency Non-Resident (FCNR - B) Fixed Deposit​

Foreign Currency Non-Resident (FCNR - B) Fixed Deposit​

Open deposit in foreign currency Available in USD-GBP-Euro Tax-free interest
Park your overseas earnings in foreign currency, exempt from Indian income tax
  • Ideal for NRIs who wish to hold deposits in foreign currency, viz., US Dollars (USD), Pound Sterling (GBP) and Euro (EUR)

  • Principal amount and interest earned are fully and freely repatriable 

  • Interest earned is exempt from Indian income tax 

  • Term – 1 year to 5 years 

  • Automatic renewal of your principal and interest facility available on maturity 

  • Nomination facility available 

  • Minimum deposit USD 1,000; GBP 1,000; EUR 1,000​ 

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: 

  • Employment  

  • Studies  

  • Business or vocation 

  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings 

  • 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: 

  • Has held an Indian passport at any point of time 

  • Individual’s parent or grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955 

  • 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

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