• Hold your deposit in any of the 6 foreign currencies - US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars
  • Repatriate principal and interest amount fully
  • Enjoy tax exemption on the entire deposit
  • Open the deposit jointly with other NRIs
  • Avail of Super Saver facility to get an overdraft on your NRO Savings / Current account against your FCNR Fixed Deposit
  • Avail of the nomination facility
  • Minimum initial deposit - 
    USD 1,000/-, GBP 2,500/-, Euro 2,500/-, JPY 7,50,000/-, AUD 1,000/-, CAD 1,000/-
  • Minimum add-on deposit - 
    USD 1,000/-, GBP 1,000/-, Euro 1,000/-, JPY 7,50,000/-, AUD 1,000/-, CAD 1,000/-
  • Maintain the deposit for a tenor of minimum 1 year and a maximum of 5 years

IMPORTANT UPDATE: Effective 1st JULY 2021 FCNR deposit for GBP,EURO & JPY currencies will be offered only for 1 Year tenure. Existing FCNR deposits booked under GBP, EURO & JPY currencies for the tenor 1 year 1 day to 5 year and which are due for auto renewal will be auto renewed for 1 year tenor by default.

Depositing money to your account

To deposit money in your FCNR Fixed Deposit, you can:

  • Transfer funds from abroad in a freely convertible foreign currency
  • Present foreign currency notes/travellers cheques brought in by you or Joint NRI account holder during a visit to India
  • Directly remit the amount to us through wire transfer/telegraphic transfer
  • Transfer funds from an existing FCNR Account held in other Banks