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City Union Bank FCNR Rates
Non-Resident Indians (NRIs) often choose Foreign Currency Non-Resident (FCNR) accounts to invest their foreign earnings securely and conveniently in India. City Union Bank offers an FCNR account, which is a fixed deposit that allows NRIs to hold the account in their designated currencies, including USD, SGD, AUD, GBP, EUR, YEN, and CAD. The funds can be deposited for a tenure of 1 to 5 years. The City Union Bank FCNR rates range from 0.20% to 5.05%. The principal amount and the interest earned are fully repatriable, meaning they can be easily and freely transferred back to your country of residence.
Guaranteed Return
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%* (Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%* (After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns upto 6.9%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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City Union Bank Fixed Deposit Interest Rates
- City Union Bank FCNR Rates
City Union Bank FCNR Rates
Below are the current interest rates for the NRI account providing FCNR deposits:
| Tenor | USD | GBP | EUR | YEN | CAD | AUD | SGD |
| 1 Year and above but less than 2 Years | 5.05% | 4.50% | 2.50% | 0.20% | 3.00% | 4.25% | 2.00% |
| 2 Years and above but less than 3 Years | 4.40% | 4.25% | 2.00% | 0.20% | 2.75% | 4.00% | 0.00% |
| 3 Years and above but less than 4 Years | 3.60% | 3.25% | 1.50% | 0.20% | 2.50% | 3.85% | 0.00% |
| 4 Years and above but less than 5 Years | 3.40% | 3.00% | 1.40% | 0.20% | 2.50% | 3.75% | 0.00% |
| 5 Years only | 3.35% | 3.00% | 1.40% | 0.20% | 2.50% | 3.65% | 0.00% |
*Interest rates are applicable from August 2025. Rates are subject to change.
Information About
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Features of City Union Bank FCNR Account
The features of City Union Bank FCNR account are as follows:
- Attractive Interest Rates: City Union Bank offers attractive City Union Bank FCNR rates on its FCNR accounts.
- Repatriability: Both the principal amount and the interest earned are fully and freely repatriable to your country of residence.
- Tax Exemption at FCNR Account: Interest earned is exempt from income tax in India.
- Joint Account Facility: Deposits at the FCNR account can be held jointly with a Non-Resident or Indian Resident on Either or Survivor/Former or Survivor basis.
Note: You may also know about City Union Bank FD rates 2025
Eligibility to Open City Union Bank FCNR Account
NRIs are eligible to open an FCNR account and enjoy the benefits offered by the account, including competitive City Union Bank FCNR rates, interest rates tax-exemption, full repatriation, etc.
How to Open a City Union Bank FCNR Account?
NRIs and Persons of Indian Origin (PIOs) can open FD accounts by submitting the duly filled application form along with required KYC documents at any City Union Bank branch or through authorized NRI banking channels. The deposit must be made through inward remittance from abroad in the relevant foreign currency.
Documents Required to Open a City Union Bank FCNR Account?
The following common documents are required to open FCNR account at City Union Bank:
- Duly filled application form
- Copy of Passport / Visa / Green Card
- Recent photographs of each account holder (one photo to be affixed on the application form)
- Overseas and Indian addresses with contact details such as phone, fax, and email
- Initial deposit amount
- Any other document required by the bank
Conclusion
City Union Bank FCNR accounts offer NRIs one of the safest ways to invest foreign earnings with the benefit of assured tax-free interest, flexible tenures, and full repatriation. With competitive City Union Bank FCNR rates and multiple currency options, it provides a smart, stable, and convenient savings option for global investors. Invest now and enjoy the benefits!
FAQs
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What is the current interest range for City Union Bank FCNR Rates?
FCNR deposit rates City Union Bank currently range from 0.20% to 5.05%, depending on the currency and tenure selected. -
In which currencies can I open an FCNR deposit with City Union Bank?
At City Union Bank, you can open an FCNR deposit in USD, GBP, EUR, JPY, AUD, CAD, and SGD. -
Is the interest earned on City Union Bank FCNR deposits taxable in India?
No, the interest earned on City Union Bank FCNR deposits is completely tax-free for NRIs under Indian tax laws. -
Where can I check the updated City Union Bank FCNR Rates?
You can find the latest City Union Bank FCNR Rates on the official bank website under the NRI Banking or FCNR section and other reliable insurance platforms in India.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per
applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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