Axis Bank FCNR(B) Deposit Interest Rates
The highest Axis Bank FCNR(B) deposit rates is 3.80% (Below 1 million and 1 million & above) on USD for slab of 1 year < 2 years, effective from 04th September 2026 (last verified in October 2026):
| Maturity Period |
USD Below 1 Million |
USD 1 Million & Above |
GBP |
EURO |
AUD |
CAD |
JPY |
| 1 Year to less than 2 Years |
3.80% |
3.80% |
3.80% |
3.80% |
3.75% |
2.25% |
0.01% |
| 2 Years to less than 3 Years |
3.55% |
3.55% |
3.65% |
0.01% |
3.60% |
2.20% |
0.01% |
| 3 Years to less than 4 Years |
3.50% |
3.50% |
0.01% |
0.01% |
3.15% |
2.00% |
0.01% |
| 4 Years to less than 5 Years |
3.25% |
3.25% |
0.01% |
0.01% |
3.15% |
1.95% |
0.01% |
| 5 Years |
3.25% |
3.25% |
0.01% |
0.01% |
2.50% |
1.75% |
0.01% |
How Are Axis Bank FCNR(B) Rates Decided?
The FCNR(B) rates offered by Axis Bank are dependent on the currency and tenor of the deposit, which is similar to regular Axis Bank FD rates. For tenures qualified for FCNR(B) deposits, the bank offers FCNR(B) deposits in USD, GBP, EUR, AUD, CAD and JPY. Rates may change for different currencies and deposit terms and can be altered from time to time.
Key Features of Axis Bank FCNR(B) Deposit
Axis Bank FCNR(B) deposits allow eligible NRIs to invest in designated foreign currencies. Below are the key features.
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Minimum Lock-in Period: FCNR(B) deposits carry a minimum mandatory period of 1 year to earn interest. If the deposit is prematurely closed before completing 1 year, no interest will be paid. For premature withdrawals made after 1 year, interest is payable at the prevailing FCNR Rates for the actual duration completed, subject to applicable penalty charges.
-
Tax Benefits: As per the existing tax regulations in India, the tax is exempted on the eligible FCNR (B) deposits on both the principal as well as on the interest earned.
-
Repatriation: Principal and interest are fully repatriable subject to applicable banking and regulatory constraints.
-
Renewal: On maturity, the deposit may be renewed by selecting a suitable renewal facility and subject to the necessary criteria.
-
Loan Facility: An FCNR(B) deposit can be offered as security for a loan subject to the requirements of the bank.
-
Multiple Currencies: Deposit accessible in major foreign currencies including USD, GBP, EUR, AUD, CAD and JPY subject to the appropriate product terms.
-
Funding Options: The deposit can be funded from permissible sources of foreign currency including acceptable inbound remittances.
Axis Bank FD Interest Calculator
The Axis Bank fixed deposit interest calculator can be used to estimate the maturity amount and interest earned on a deposit. It is calculated on the basis of the deposit amount, tenure and applicable rate of interest. Customers can also use the calculator to compare predicted returns across amounts and tenures, and weigh an FCNR(B) deposit against other best investment options for NRI in India before booking a fixed deposit. In a cumulative FCNR(B) deposit, the bank compounds the interest half yearly and pays it at the time of maturity as per the applicable terms.
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