Business Wire India
IDBI Bank has introduced FCNR(B) Special Opportunity Deposit in USD, offering enhanced returns to Non-Resident Indian (NRI) customers seeking secure and attractive foreign currency investment opportunities.
The Special Rates will be for limited period effective June 11, 2026 till September 30, 2026.
|
|
For Deposit amount in USD |
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|
Maturity Slab |
Upto USD 1 Million |
More than USD 1 Million and upto USD 5 Million |
Above USD 5 Million |
|
3 years to less than 4 years |
6.00% |
6.05% |
6.10% |
|
4 years to less than 5 years |
6.05% |
6.10% |
6.15% |
|
5 years |
6.10% |
6.15% |
6.20% |
Key Features
- Principal and interest are fully repatriable.
- Protection against exchange rate fluctuations, as deposits are maintained in USD only.
- Interest earned is exempt from income tax in India, subject to prevailing regulations.
- Minimum lock-in period of 1 year.
