Latest Federal Bank FCNR Rates 2026
The rates are applicable as of October 2025, with 10 different foreign currencies, including USD. GBP, EURO, YEN, CAD, AUD, CHF, NZD, SGD, and HKD:
| Period |
USD |
GBP |
EURO |
YEN |
CAD |
AUD |
CHF |
NZD |
SGD |
HKD |
| 1 year to less than 2 years |
4.75% |
4.50% |
2.50% |
0.20% |
3.50% |
4.40% |
0.05% |
0.05% |
0.42% |
0.33% |
| 2 years to less than 3 years |
4.25% |
4.25% |
2.25% |
0.20% |
3.00% |
4.20% |
NA |
NA |
0.84% |
0.72% |
| 3 years to less than 4 years |
4.00% |
4.00% |
2.00% |
0.20% |
2.50% |
4.00% |
NA |
NA |
0.78% |
0.74% |
| 4 years to less than 5 years |
3.75% |
3.50% |
1.75% |
0.10% |
2.50% |
3.60% |
NA |
NA |
0.78% |
0.65% |
| 5 years only |
3.90% |
3.00% |
1.70% |
0.10% |
2.50% |
3.60% |
NA |
NA |
0.80% |
0.57% |
*These rates are effective as of October 15 2025.
Federal Bank FCNR Rates
A Federal Bank FCNR account allows depositors to save in foreign currencies while earning competitive interest. Here are some of the benefits of FCNR rates:
-
Currency Safety:
Deposits are held in foreign currency (USD, GBP, EUR, etc.), protecting your savings from the volatility of the Indian Rupee.
-
100% Tax-Free:
Interest earned is completely exempt from income tax and wealth tax in India. No TDS is deducted.
-
Full Repatriability:
Both your principal and the interest earned can be freely moved back to your country of residence at any time after maturity.
-
High Liquidity:
You can take a loan or overdraft in India (up to 75%–90%) against your deposit without breaking the FD.
-
Global Choice:
Federal Bank supports 10 major currencies, including USD, GBP, EUR, CAD, AUD, JPY, SGD, HKD, CHF, and NZD.
Conclusion
Federal Bank FCNR deposits allow NRIs to grow their foreign earnings tax-free in India while shielding their savings from Rupee volatility. By checking the current fcnr rates, investors can capitalise on high-yielding returns. These fully repatriable accounts offer high liquidity with Rupee loans available up to 90% of the deposit value, providing federal fcnr rates up to 4.75%, which makes it a secure and flexible solution for managing global wealth.
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