What are the current FCNR deposit rates at RBL Bank?

The RBL Bank FCNR rates go up to 4.20% for 2 years and above, but less than 3 years, effective from 01st September 2026.

What is the current FCNR interest rate?

Current FCNR (Foreign Currency Non-Resident) deposit rates in India range between 2.75% and 5.00% p.a. for standard 1 to 5-year terms. Rates vary by currency, with USD, GBP, and AUD yielding the highest returns, while major lenders like SBI and ICICI Bank average 3.10% to 4.40% p.a. All interest earned remains completely exempt from Indian taxes and fully repatriable.

Does RBL Bank provide additional FCNR rates for senior citizens and existing/retired bank staff members?

No, RBL does not provide any additional FCNR rates for senior citizens and existing/retired bank staff members.

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RBL Bank FCNR Rates

RBL Bank FCNR rates range between 4.10% and 4.20% p.a. for major foreign currencies like USD and GBP, effective from September 01, 2026. The deposit tenure is 1 to 5 years, and currencies supported are USD, AUD, CAD, EUR, GBP, JPY, SGD, and CHF. Enjoy tax-free interest in India along with complete repatriability, allowing seamless transfer of both principal and interest abroad.

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Latest RBL Bank FCNR Rates

The highest RBL Bank FCNR (B) (Foreign Currency Non-Resident) rate is up to 4.20% p.a. for the GBP currency for 2 years and above, but less than 3 years, effective from 01st September, 2026 (last verified in October 2026):

Period	USD	GBP	EUR	AUD	SGD	JPY	CAD	CHF
1 Year and above but less than 2 years	4.10%	4.00%	3.00%	3.50%	2.00%	0.05%	2.75%	0.05%
2 years and above but less than 3 years	3.50%	4.20%	2.50%	3.50%	1.50%	0.05%	2.50%	0.05%
3 years and above but less than 4 years	3.50%	4.00%	2.50%	2.85%	0.80%	0.06%	2.25%	0.05%
4 years and above but less than 5 years	3.75%	3.00%	2.00%	2.75%	0.80%	0.06%	2.00%	0.05%
5 Years	3.75%	3.00%	2.00%	2.60%	0.80%	0.60%	2.00%	0.05%

RBL Bank Interest Rate on FCNR(B) w.e.f. September 01, 2026

Features of RBL Bank FCNR(B) Rates

Account Overview: An RBL Bank FCNR Account allows Non-Resident Indians to hold term deposits in 8 major foreign currencies with tax-free interest and full repatriability.
Tenure Options: Flexible tenures ranging from 1 year up to 5 years
No Exchange Rate Risk: Deposits are held, maintained, and paid out in the chosen foreign currency, protecting your investment from rupee fluctuations.
Currency-Specific Interest Rates: RBL FCNR interest rates vary based on the currency and tenure selected.
Loan / Overdraft Facility: You can leverage your FCNR deposit as security/collateral to obtain a loan or overdraft facility in Indian Rupees or foreign currency.
Automatic Renewal: Option to automatically renew the principal and interest upon maturity at the prevailing rate.
Joint Account Facility: Allows joint holding with other eligible NRIs or OCIs.
Premature Withdrawal Rules: Partial withdrawals are generally not allowed, and premature closure before completing 1 year yields no interest. Deposits closed after 1 year may attract a standard premature penalty.

Factors Affecting RBL Bank FCNR Rates

Chosen Foreign Currency: Interest rates differ based on which currency you deposit (such as USD, GBP, EUR, AUD, SGD, JPY, CAD, CHF). Rates align with global interbank interest rates set for each currency.
Deposit Duration: Rates vary depending on the deposit term, which ranges from 1 year to 5 years.
Central Bank (RBI) Rules: The RBI sets FCNR rate limits and reserve guidelines for banks to manage foreign currency flows in India.
Global Interest Rates: Interest rate decisions made by foreign central banks (like the U.S. Federal Reserve) directly set the baseline rates Indian banks can offer.
RBL Bank Strategy: RBL Bank's internal demand for foreign currency deposits affects how high or low they price their interest rates compared to other NRI deposit options.
Early Withdrawal Rules: Deposits closed within the first 12 months earn zero interest. Closures after 1 year incur a penalty, which lowers your total return.

Taxation of RBL Bank FCNR Deposits

100% Tax-Free in India: Zero Indian income tax, no TDS, and exempt from wealth tax.
Full Repatriation: Freely transfer both principal and interest back to your overseas account anytime.
Liquidity & Loans: Get loans/overdrafts up to 90% in INR or foreign currency without breaking the deposit.
Returning NRIs: Convert to an RFC account upon returning to keep tax benefits during your RNOR period.
Global Tax Rules: Tax-free in India, but host country reporting may apply (e.g., US/UK) unless residing in tax-free zones (e.g., UAE).

Conclusion

The revised RBL Bank FCNR (B) deposit rates are applicable from 01st September 2026, which go up to 4.20% p.a. on GBP for the tenure of 2 years and above but less than 3 years. It offers non-resident investors competitive tax-free returns in a secure way to grow foreign capital without exchange-rate risk, complete exemption from Indian taxes, and full transferability of funds, whereas, on the other hand, RBL Bank FD rates deliver high returns across all categories, ranging up to 7.00% p.a. for domestic general citizens and 7.50% p.a. for senior citizens.

FAQs

What are the current FCNR deposit rates at RBL Bank?

The RBL Bank FCNR rates go up to 4.20% for 2 years and above, but less than 3 years, effective from 01st September 2026.
What is the current FCNR interest rate?

Current FCNR (Foreign Currency Non-Resident) deposit rates in India range between 2.75% and 5.00% p.a. for standard 1 to 5-year terms. Rates vary by currency, with USD, GBP, and AUD yielding the highest returns, while major lenders like SBI and ICICI Bank average 3.10% to 4.40% p.a. All interest earned remains completely exempt from Indian taxes and fully repatriable.
Does RBL Bank provide additional FCNR rates for senior citizens and existing/retired bank staff members?

No, RBL does not provide any additional FCNR rates for senior citizens and existing/retired bank staff members.

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˜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 01-10-2026
*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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