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DBS Bank – FCNR Deposit Rates
Rates last updated by the bank on 30-Jul-26. Visit bank site
Rates last updated by the bank on 30-Jul-26.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #39 of 43 banks for FCNR-USD rates
Maturity | USD | |
|---|---|---|
| Deposit Amount | Under $350K | $350K+ |
| 1 to <2 years | 3.75% | 3.75% |
| 2 to <3 years | 3.50% | 3.50% |
| 3 to <4 years | 5.60%BEST | 5.60%BEST |
| 4 to <5 years | 5.60% | 5.60% |
| 5 years | 5.60% | 5.60% |
Compare FCNR rates
Bank Overview
Type
ForeignHeadquarters
MumbaiFounded
1994Branches
530DICGC Coverage
₹5 LakhsFrequently Asked Questions
As of August 2026, DBS Bank offers a highest FCNR interest rate of 5.60% for USD. 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.
DBS Bank supports FCNR deposits in major global currencies, including US Dollar (USD).
Yes, DBS 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.