Open a Fixed Deposit account in INR and enjoy attractive returns for various tenures ranging from 1 year to 5 years.
The Foreign Currency Non-Resident (FCNR) term deposit account is a fully repatriable foreign currency term deposit account with currency options as allowed by the Reserve Bank of India. This account comes with zero tax deduction at source on the interest earned.*
FCNR deposits closed prior to the completion of one year do not earn any interest as per RBI regulations.
Choose from a wide range of tenures and enjoy attractive interest rates applicable to local resident deposits. The Non-Resident Ordinary (NRO) term deposit is repatriable overseas from India after the deduction of
Premature closure of deposit is permitted and may be subject to a penalty fee.