FCNR (B)

Repatriation

Freely Repatriable

FCNR (B)

Currency of deposit

Currency

USD, GBP, EUR, JPY, AUD, CAD

Deposit Tenure

12 months to 60 months

Interest & Taxation

Interest Rate

Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website

Taxation

Exempt from Income Tax.

FCNR (B)

Who can open?

NRIs (other than a person resident in Nepal and Bhutan) Individuals/ entities of Pakistan /Bangladesh nationality /ownership require prior approval of RBI

Joint Account

Permitted

Nomination

Facility available

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    FCNR-(B)