Product - Special FCNR(B) Deposit Scheme

Eligibility NRI's, PIO's, OCI's, and PROI
Tenure Minimum-3 years and Maximum-5 years
CCY USD, GBP, EUR, CAD & AUD
Lock in period 1 year
Premature closure Allowed (After completion of 1 Year Lock in period)
ROI On premature closure In the event premature withdrawal or closure after expiry of the mandatory one (1) year lock-in period, the rate of interest payable on such prematurely withdrawn or closed deposit shall be the rate of interest applicable to FCNR (B) deposit for the actual period of the deposit remained with the bank, prevailing as on the date of opening of the deposit or on the date of premature withdrawal or closure, whichever, is lower.
Loan/OD Facility As per norms prescribed for loan against the FCNR (B) deposits
Other Features As applicable to existing products of FCNR(B) deposits
Scheme Available up to 30.09.2026
Rate of interest
PERIOD OF DEPOSIT CURRENCY OF DEPOSITS
USD GBP EUR CAD AUD
3 years & above but less than 4 years 6.50 5.25 5.00 3.00 3.00
4 years & above but less than 5 years 6.50 5.50 5.00 3.00 3.00
5 years only 6.50 5.50 5.00 3.00 3.00