Private sector bank City Union Bank has increased the interest rates on its US dollar-denominated Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits to 7.10% per annum for tenures ranging from 3 to 5 years.The revised rate came into effect on June 10, 2026, and applies to Non-Resident Indian (NRI) customers.FCNR(B) deposits allow both principal and interest to be maintained in foreign currency and are fully repatriable.According to the bank, the deposits are available across flexible tenure options and are designed for NRIs seeking to hold savings in foreign currency.(Written by bl intern Mahalakshmi G)Published on June 12, 2026