›
›
Bandhan Bank – FCNR Deposit Rates
Rates last updated by the bank on 01-Jul-26. Visit bank site
Rates last updated by the bank on 01-Jul-26.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #12 of 43 banks for FCNR-USD rates
Maturity | USD | |
|---|---|---|
| Deposit Amount | Under $1M | $1M+ |
| 1 year | 3.50% | 3.50% |
| Above 1 to <2 years | 3.50% | 3.50% |
| 2 to <3 years | 3.50% | 3.50% |
| 3 to <4 years | 7.00%BEST | 7.10%BEST |
| 4 to <5 years | 7.00% | 7.10% |
| 5 years | 7.00% | 7.10% |
Compare FCNR rates
Bank Overview
Type
PrivateHeadquarters
KolkataFounded
2015Branches
1955DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
1.00%Fair
CAR
18.04%Strong
PCR
71.10%Strong
LCR
136.29%Strong
CASA
29.30%Fair
Frequently Asked Questions
As of August 2026, Bandhan Bank offers a highest FCNR interest rate of 7.10% for USD and 3.48% for GBP. These rates vary based on the maturity period.
No, interest earned on FCNR (Foreign Currency Non-Resident) deposits is completely exempt from income tax in India for NRIs (Non-Resident Indians). There is also no TDS deducted on FCNR interest in India.
Bandhan Bank supports FCNR deposits in major global currencies, including US Dollar (USD) and British Pound (GBP).
Yes, Bandhan Bank is a scheduled commercial bank regulated by the Reserve Bank of India (RBI). It follows strict banking guidelines, making it a reliable and safe institution for NRI deposits.
Yes, premature withdrawal of FCNR deposits is allowed. However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.