FCNR Fixed Deposit for NRIs - Earn Among the Highest FCNR Rates in India
Secure Your Foreign Currency Deposits with Attractive FCNR Rates
City Union Bank FCNR (B) Deposit Plus enables Non-Resident Indians (NRIs) to invest in foreign currencies while earning competitive returns. Enjoy tax-free interest income in India, protection against currency fluctuations, and full repatriation of principal and interest. With FCNR deposit rates up to 7.10% p.a. on USD deposits, City Union Bank offers one of the most attractive FCNR Fixed Deposit options for NRIs. Also FCNR (B) Deposit Plus can be opened in GBP, EUR and AUD.
FCNR Deposit Rates
Earn Attractive FCNR Interest Rates
City Union Bank offers competitive FCNR (B) Deposit Plus interest rates across multiple foreign currencies including USD, GBP, EUR and AUD,. NRIs can choose deposit tenures ranging from 1 year to 5 years based on their investment goals.
Key Benefits
FCNR Tax Benefits
Tax-Free Income for NRIs
Interest earned on FCNR (B) Deposit Plus is currently exempt from income tax in India as per prevailing tax regulations. This helps NRIs maximize their returns while maintaining investments in designated foreign currencies. FCNR deposits also provide flexibility in repatriation of both principal and accrued interest.
FCNR Interest Rates in India
Why Choose City Union Bank FCNR Deposits?
When comparing FCNR interest rates in India, NRIs should consider not only returns but also safety, flexibility, and service quality. City Union Bank offers:
- Attractive FCNR rates
- Attractive FCNR rates
- Multiple currency options
- Easy account opening process
- Online banking access
Frequently Asked Questions
What is an FCNR (B) Deposit Plus?
FCNR (Foreign Currency Non-Resident) Fixed Deposit is a term deposit account that allows NRIs to maintain deposits in designated foreign currencies and earn interest without converting funds into Indian Rupees.
Which bank offers the highest FCNR rates in India?
FCNR rates vary across banks and tenures. City Union Bank currently offers up to 7.10% p.a. on selected USD FCNR (B) Plus deposit tenures, making it one of the highest FCNR rate offerings available for NRIs.
Is FCNR interest taxable in India?
Interest earned on FCNR deposits is generally tax-free in India for eligible NRIs as per prevailing regulations.
Which currencies are available for FCNR deposits?
FCNR (B) Deposit Plus can typically be maintained in USD, GBP, EUR and AUD.
What is the tenure of FCNR deposits?
FCNR deposits can be opened for tenures ranging from 1 year to 5 years.
