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Equitas Small Finance Bank – FCNR Deposit Rates
Rates last updated by the bank on 30-Jun-26. Visit bank site
Rates last updated by the bank on 30-Jun-26.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #4 of 43 banks for FCNR-USD rates
Maturity | USD | ||
|---|---|---|---|
| Deposit Amount | Under $10K | $10K to $500K | $500K+ |
| 12 to 18 months | 5.10% | 5.10% | 5.15% |
| Above 18 to <36 months | 4.55% | 4.55% | 4.55% |
| 36 to <48 months | 7.13%BEST | 7.52%BEST | 7.52%BEST |
| 48 to 60 months | 7.13% | 7.52% | 7.52% |
Compare FCNR rates
Bank Overview
Type
Small FinanceHeadquarters
ChennaiFounded
2016Branches
1053DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
2.62%Fair
CAR
20.47%Strong
PCR
67.10%Fair
LCR
138.45%Strong
CASA
30.00%Fair
Frequently Asked Questions
As of August 2026, Equitas Small Finance Bank 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 Bank supports FCNR deposits in major global currencies, including US Dollar (USD), British Pound (GBP), and Euro (EUR).
Yes, Equitas Small Finance 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.