IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits
Jun 19, 2026
BusinessWire India
Mumbai (Maharashtra) [India], June 19: IDBI Bank has introduced FCNR(B) Special Opportunity Deposit in USD, offering enhanced returns to Non-Resident Indian (NRI) customers seeking secure and attractive foreign currency investment opportunities.
The Special Rates will be for limited period effective June 11, 2026 till September 30, 2026.
Key Features
- Principal and interest are fully repatriable.
- Protection against exchange rate fluctuations, as deposits are maintained in USD only.
- Interest earned is exempt from income tax in India, subject to prevailing regulations.
- Minimum lock-in period of 1 year.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
