IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

Indian banks attract NRIs with FCNR(B) deposits offering up to 14% returns and significant leverage on investments.

Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US…

The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign…

Equitas Small Finance Bank Limited, has hiked its FCNR (B) deposit rates.

IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This move follows the RBI's new USD/INR forex…

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

RBI requests daily data from banks on foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment.