IDFC Bank FCNR Rates 2026
The table below shows the latest FCNR rates offered by IDFC Bank FCNR for rates up to 1 million and above 1 million:
FCNR rates up to 1 million
| Period |
USD |
GBP |
EUR |
AUD |
SGD |
| 1 Yr < 15 Months |
4.05% |
4.25% |
2.55% |
4.00% |
1.90% |
| 15 Months < 2 Yrs |
4.05% |
4.00% |
1.25% |
3.85% |
1.65% |
| 2 Yrs to < 3 Yrs |
4.25% |
NA |
NA |
NA |
NA |
| 3 Yrs to < 4 Yrs |
4.25% |
NA |
NA |
NA |
NA |
| 4 Yrs to < 5 Yrs |
4.25% |
NA |
NA |
NA |
NA |
| 5 Yrs only |
4.25% |
NA |
NA |
NA |
NA |
IDFC FCNR Rates effective from 16th January, 2026
FCNR rates above 1 million
| Period |
USD |
GBP |
EUR |
AUD |
SGD |
| 1 Yr < 15 Months |
4.00% |
NA |
NA |
NA |
NA |
| 15 Months < 2 Yrs |
4.00% |
NA |
NA |
NA |
NA |
| 2 Yrs to < 3 Yrs |
4.00% |
NA |
NA |
NA |
NA |
| 3 Yrs to < 4 Yrs |
4.00% |
NA |
NA |
NA |
NA |
| 4 Yrs to < 5 Yrs |
4.00% |
NA |
NA |
NA |
NA |
| 5 Yrs only |
4.00% |
NA |
NA |
NA |
NA |
IDFC FCNR Rates effective from 16thJanuary, 2026
Important Notes on IDFC FCNR Rates
For NRIs looking to grow their foreign currency savings, IDFC FIRST Bank follows specific rules to ensure transparency and steady growth. Here are some important pointers:
-
Minimum Tenure for Interest:
You must maintain the deposit for at least 1 year to earn any interest. No interest is paid for withdrawals made before the first anniversary.
-
Unique Interest Compounding:
Interest is compounded every 180 days. The earned interest is added to your principal twice a year, effectively giving you "interest on interest" for the remaining duration.
-
Premature Withdrawal:
If you withdraw after 1 year but before maturity, interest is paid at the rate applicable on the day you opened the deposit. No penalty is charged for early withdrawal.
-
The 360-Day Rule:
For interest calculations, a calendar year is standardised at 360 days, regardless of whether it is a leap year.
-
Regulatory Alignment:
All terms, including interest rate ceilings, are governed by the latest RBI guidelines for FCNR (B) accounts.
-
DICGC Insurance:
All FCNR deposits are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC). This provides a safety net of up to ₹5 Lakh (including principal and interest) per depositor, ensuring your hard-earned foreign currency remains secure under RBI guidelines.
Conclusion
IDFC FIRST Bank offers a compelling proposition for NRIs looking to save their global earnings from exchange rate volatility while earning competitive returns. By keeping track of the most competitive FCNR interest rates available in the market today, NRIs can ensure their savings grow in stable denominations. This strategy, combined with the benefits of tax-free returns and high liquidity, provides a robust foundation for building wealth in a globalised economy.
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