Tax-Free Returns
Interest earned on your USD FCNR deposit is fully exempt from tax in India.
Interest earned on your USD FCNR deposit is fully exempt from tax in India.
Your deposit and interest stay in USD. Rupee fluctuations don't affect your savings.
Choose a tenure between 1 to 5 years based on your goals.
Your principal and interest can be freely repatriated abroad, anytime.
Need funds before maturity? Get a loan against your deposit instead of breaking it.
Prefer your maturity proceeds in INR? Lock in your conversion rate in advance and protect against rate swings.
Enter your deposit details to see your estimated returns instantly.
Calculations are indicative and assume annual compounding. Actual returns may vary based on bank terms.
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.
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.