HDFC Bank has raised interest rates on Foreign Currency Non-Resident (FCNR) deposits to 6% for tenures of three to five years, effective June 10, 2026.
The new rates are effective from today
Jun 10, 2026
02:53 pm
What's the storyHDFC Bank has announced a major hike in the interest rates for its Foreign Currency Non-Resident (FCNR) deposits.
The bank will now offer an interest rate of 6% for tenures ranging from three to five years and above, according to its latest rate card effective from today.
Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India and more - The Economic Times
Banks kick-off rate hikes on FCNR (B) deposits
FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move? - The Economic Times
Yes Bank hikes FX deposit rates to attract non-resident inflows
Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times
Banks to be told to step up FCNR (B) deposits
Banks raise NRI deposit rates to draw dollar inflows - The Economic Times
HDFC Bank hikes lending rates by up to 10 bps across tenors
Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas funding
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the…
Banks raise FCNR (B) deposit rates to 6-7%, enhancing returns for depositors amid RBI's strategies to attract dollar inflows.
FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September…
The private-sector lender will offer 7% on three-year FCNR(B) deposits, 7.05% on four-year deposits and 7.10% on five-year…
Indian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes…
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these…
