Special FCNR(B) Deposit Scheme
Special FCNR(B) Deposit Scheme
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Name of the Product
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Special FCNR (B) Deposit
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Currency
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USD
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Tenor of Deposit
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Lock In Period
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The deposits are subject to a lock-in period of one year, and therefore cannot be pre-closed within one year of opening the deposit. (Declaration to this effect to be obtained from the customer).
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Rate of Interest
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Tenor
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Upto 1 mio
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Above 1 mio to 3 mio
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Above 3 mio
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3 years to less than 4 years
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6.00%
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5.60%
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5.50%
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4 years to less than 5 years
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6.25%
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5.85%
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5.75%
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5 years
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6.50%
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6.10%
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6.00%
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Premature Withdrawal Conditions
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In case of premature closure after 1 year and before 3 years, interest will be payable @ 3.50% for the period deposit has run with Bank.
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In case of premature closure between 3 years and less than 5 years, interest payable @1% lower than the rate of interest applicable for the period, the deposit has run with Bank.
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Loan/OD Facility
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As per norms prescribed for loan against FCNR (B) deposits.
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Other Features
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As applicable to FCNR (B) Deposits
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Scheme Available upto
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30th September 2026
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Documents
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