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Indian Bank FCNR Rates

Indian Bank FCNR (Foreign Currency Non-Resident) rates are highly competitive, starting from 0.01% to 5.50%, and are specifically designed to help NRIs. Their foreign currency savings while keeping them safe from the volatility of the Indian Rupee (INR).

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Latest Indian Bank FCNR Rates 2026

The table shows the latest FCNR rates offered under the Indian Bank FCNR Account:

CURRENCY	PERIOD
CURRENCY	1 Yr to <2 Yrs	2 Yrs & above to < 3 Yrs	3 Yrs & above to < 4 Yrs	4 Yrs & above to < 5 Yrs	Exactly 5 Years
USD	5.50	4.00	3.75	3.50	3.50
GBP	4.50	3.00	3.00	2.50	3.00
EUR	1.50	1.80	1.50	1.25	1.50
JPY	0.10	0.13	0.12	0.13	0.14
CAD	4.00	3.50	3.40	3.00	3.10
AUD	3.60	3.50	2.05	2.30	2.45
CHF	0.01	0.01	0.02	0.03	0.05
SGD	3.00	0.40	0.49	0.55	0.61

Indian Bank FCNR Rates w.e.f January 01, 2026

Key Rate Features of Indian Bank FCNR Rates

Here are the special features of India Bank FCNR rates:

Special USD Rate:

Indian Bank currently offers a premium interest rate up to 5.50% specifically for large USD deposits with a 1-year tenor.
Zero Interest for Short Terms:

No interest is payable if the deposit is prematurely withdrawn before completing a full 12 months.
Compounding:

Interest is compounded half-yearly (every 180 days) for all tenures above one year. For exactly one year, simple interest is applied.
Tax Advantage:

All interest earned is 100% tax-free in India, meaning the rates shown above are your actual net yields.

Conclusion

For NRIs looking to grow their wealth, Indian Bank FCNR Rates offer a powerful advantage, currently reaching up to 5.50% for USD deposits. It provides the perfect balance of high yield and absolute security. The FCNR Account provides a rare combination of high yield, tax-free returns, and absolute security within the Indian banking ecosystem.

FAQs

What are the Indian Bank FCNR Rates?

The FCNR rates offered by the Indian Bank FCNR Account start from 0.01%, which goes up to 5.50%.
Can I get a loan against my FCNR deposit?
Yes. You can avail of a loan or overdraft facility for up to 90% of the deposit value.
- Interest Rate: Usually 1% above the FCNR deposit rate.
- Purpose: Can be used for personal or business needs in India, but the funds cannot be repatriated abroad or used for agricultural/real estate speculation.
In which currencies can I book my Indian Bank FCNR deposit?
You can choose from 8 major global currencies:
- USD (US Dollar)
- GBP (Pound Sterling)
- EUR (Euro)
- AUD (Australian Dollar)
- CAD (Canadian Dollar)
- JPY (Japanese Yen)
- CHF (Swiss Franc)
- SGD (Singapore Dollar)

˜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

*Past 10 Year annualised returns as on 01-01-2026
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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Indian Bank FCNR Rates

Latest Indian Bank FCNR Rates 2026

Key Rate Features of Indian Bank FCNR Rates

Special USD Rate:

Zero Interest for Short Terms:

Compounding:

Tax Advantage:

Conclusion

Explore More Under FCNR Rates

FAQs

What are the Indian Bank FCNR Rates?

Can I get a loan against my FCNR deposit?

In which currencies can I book my Indian Bank FCNR deposit?

Explore More Under Indian Bank Fixed Deposits

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