Latest IndusInd Bank FCNR Account Interest Rates
The table below shows the current IndusInd FCNR Interest rates for NRIs to invest in 6 different currencies in India:
| Tenure |
USD < 1 Mio |
USD 1 Mio < 10 Mio |
USD 10 Mio < 25 Mio |
USD 25 Mio & Above |
GBP |
EUR |
JPY |
CAD |
AUD |
| 1yr < 2 yrs |
4.75 |
4.85 |
4.85 |
4.85 |
4.90 |
3.10 |
NA |
3.25 |
4.70 |
| 2 yrs< 3 yrs |
4.60 |
4.60 |
4.60 |
4.60 |
4.70 |
3.00 |
1.00 |
3.25 |
4.45 |
| 3 yrs< 4yrs |
4.20 |
4.20 |
4.20 |
4.20 |
4.35 |
2.75 |
NA |
3.05 |
4.15 |
| 4 yrs< 5 yrs |
4.20 |
4.20 |
4.20 |
4.20 |
4.35 |
2.75 |
NA |
3.10 |
4.20 |
| 5 yrs |
4.20 |
4.20 |
4.20 |
4.20 |
4.30 |
2.80 |
1.00 |
3.20 |
4.35 |
*IndusInd Bank FCNR Rates w.e.f 12th Nov 2025
Key Features of IndusInd Bank FCNR (B) Rates
Here are some key features of interest rates provided under the IndusInd Bank FCNR (B) account:
-
Currency-Specific Pricing:
Interest rates are determined by the specific currency of the deposit. The GBP and USD typically offer the highest yields among supported options.
-
Premature Rate Adjustment:
For withdrawals after one year, the interest is recalculated based on the rate for the actual period held, minus a 0.25% penalty.
-
Benchmark Alignment:
Rates are regularly updated in alignment with global benchmarks like the Overnight Scoped Reference Rates to ensure they remain competitive with international markets.
-
Half-Yearly Compounding:
For all deposits with a tenure of one year or more, interest is compounded every 180 days, increasing your effective annual yield compared to simple interest.
-
Tax-Exempt Yields:
The entire interest amount earned is 100% tax-free in India, meaning the "headline rate" is the actual "take-home rate" without any TDS deductions.
-
Tenure-Linked Rates:
While tenures range from 1 to 5 years, the 1 to 2-year slab currently tends to offer the peak interest rate for most major currencies.
-
Zero Interest for Early Exit:
If NRI withdraw their funds before the completion of one full year, the bank is mandated by RBI guidelines to pay zero interest.
Conclusion
IndusInd Bank FCNR interest rates are designed to offer NRIs a high-yield, tax-free way to grow savings in their original foreign currency. By locking in competitive interest rates across six major currencies, with USD and GBP currently reaching up to 4.85% and 4.90% respectively, ensure your global earnings are protected from exchange rate fluctuations and compounded every 180 days for maximum growth.
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