FCNR Max Deposit Scheme

We are pleased to present the FCNR Max Deposit Scheme, a new offering designed for customers who wish to invest in foreign currency deposits with confidence and ease.

This scheme enables you to place your foreign currency funds in a secure deposit account while earning competitive returns. It is structured to provide a balance of stability and attractive yields, helping you make the most of your overseas funds. 

Premature withdrawal
No premature withdrawal is permitted under the scheme for a period of 1 year from the date of opening of FCNR deposit.
In case of premature closure after the 1-year lock-in period, interest will be payable @1% lower than the rate of interest applicable for the period, the deposit has been held with the bank.

Eligibility
This scheme is available to Non-Resident Indians (NRIs) as per applicable RBI guidelines.

Nature of Product
This is a special FCNR(B) deposit scheme introduced in line with RBI’s swap facility and is available for a limited period.

Renewal
Auto-renewal is not available under this scheme. On maturity, the account will be renewed as a regular FCNR cash certificate for the same tenure, at the prevailing interest rate applicable at that time.

Scheme Validity
This scheme is available for a limited period, with mobilization valid up to September 30, 2026.

Loan facility
AAD is allowed, but Overdrafts (such as Easy Cash) are not permitted against FCNR Max Deposit. Standard rules for loans against FCNR(B) deposits as amended from time to time apply to loans under this Scheme.

Currency
 This deposit is available in foreign currency USD only.