IDBI Bank FCNR Deposit scheme allows term deposits in currencies like USD, GBP, EURO, AUD , CAD, HKD, SGD, CHF & JPY from NRI’s/PIO’s.

Invest in IDBI Bank FCNR deposits and insulate against currency fluctuations.

The minimum deposit amount is USD 1,000 or its equivalent in other currencies. NRI’s can make deposits by remittances from abroad or by transfer of funds from NRE accounts.

IDBI Bank FCNR Deposits Scheme

Attractive Interest rates-

Interest Rates

Interest rates on the range of NRI products are listed below:

Senior Citizens are not given the facility of additional interest rate on investment made in any NRI Fixed Deposit (NRE / NRO / RFC / FCNR).

Non Resident Ordinary - NRO Term Deposit rates (Effective July 24, 2017)
Maturity Slab Interest Rate
(% p.a.)
15-30 days 4.25
31-45 days 4.50
46- 60 days 5.00
61-90 days 5.25
91-6 months 6.00
6 months 1 day to 270 days 6.50
271 days upto < 1 year 6.50
1 year 6.75
> 1 year - 2 years 6.50
>2 years to < 3 years 6.25
3 years to < 5 years 6.25
5 years 6.00
> 5 years - 7 years 6.00
>7 years - 10 years 6.00

Non Resident (External) - NRE Deposit Rates (Effective July 24, 2017)

Maturity Slab Interest Rate
(% p.a.)

1 year 6.75
> 1 year - 2 years 6.50
>2 years to < 3 years 6.25
3 years to < 5 years 6.25
5 years 6.00
> 5 years - 7 years 6.00
>7 years - 10 years 6.00

The above rates are applicable only on Fresh NRE / NRO deposits and on renewal of maturing deposits for amounts less than Rs. 1 crore. For the interest rate on NRE / NRO deposit for amount Rs 1 Crore and above, kindly refer to “RATES FOR BULK DEPOSITS ( Rs. 1 cr. and Above )”

No interest will be paid on NRE deposits closed pre-maturely in less than 1 year.
FD Tenure – 1 year to 5 years

Contact-

Registered Office:

IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070