Equitas Small Finance – FCNR Rates
This bank last updated its deposit rates on 30-Jun-26.
Maturity Period | USD | GBP | EUR | |||
|---|---|---|---|---|---|---|
Under $500K | Under $10K | $10K+ | $500K+ | |||
| 12 Months to 18 Months | 5.10% | – | – | 5.15% | 5.00% | 3.00% |
| Above 18 Months to < 36 Months | 4.55% | – | – | 4.55% | – | – |
| Above 18 Months to 36 Months | – | – | – | – | 4.80% | 2.75% |
| 36 Months to < 48 Months | – | 7.13% | 7.52% | – | – | – |
| 48 Months to 60 Months | – | 7.13% | 7.52% | – | – | – |
CompareFCNR rates with other banks
Bank Overview
Financial Health Indicators(Q4 FY26)
Frequently Asked Questions
As of July 2026, Equitas Small Finance offers a highest FCNR interest rate of 7.52% for USD, 5.00% for GBP, and 3.00% for EUR. 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.
Equitas Small Finance supports FCNR deposits in major global currencies, including US Dollar (USD), British Pound (GBP), and Euro (EUR).
Yes, Equitas Small Finance 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.