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Why Choose USD FCNR Deposits

Tax-Free Returns

Interest earned on your USD FCNR deposit is fully exempt from tax in India.

Currency Protection

Your deposit and interest stay in USD. Rupee fluctuations don't affect your savings.

Flexible Tenure

Choose a tenure between 1 to 5 years based on your goals.

Fully Repatriable

Your principal and interest can be freely repatriated abroad, anytime.

Loan Against Deposit

Need funds before maturity? Get a loan against your deposit instead of breaking it.

Plan Ahead for INR Conversion

Prefer your maturity proceeds in INR? Lock in your conversion rate in advance and protect against rate swings.

See What Your Dollars Can Earn

Enter your deposit details to see your estimated returns instantly.

Deposit tier
Interest Rate: 7.00% Per Annum
Total Interest: USD 11,357
Duration: 3Y 0M 0D
Maturity Date:
Maturity Amount: USD 61,357

Calculations are indicative and assume annual compounding. Actual returns may vary based on bank terms.

USD FCNR Interest Rates

Check the latest rates based on your deposit amount and tenure.

Period USD up to 1 Million (%) USD above 1 Million (%)
1 Year and above but less than 2 Years 5.00 5.00
2 Years and above but less than 3 Years 4.00 4.00
3 Years and above but less than 4 Years 7.00 7.10
4 Years and above but less than 5 Years 7.00 7.10
5 Years only 7.00 7.10

*Rates are indicative and subject to change.

FAQs

A term deposit held in US Dollars. It lets you earn interest in the same currency, with no conversion risk.

No. Interest earned on USD FCNR deposits is fully tax-free in India.

Tenure ranges from 1 to 5 years.

Yes, premature withdrawal is allowed as per bank terms. Charges may apply.

Yes. You can avail a loan against your deposit instead of breaking it.

It lets you fix the USD to INR conversion rate in advance for your maturity proceeds, protecting you from rate fluctuations.

Yes. Both principal and interest can be freely repatriated abroad.