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ESAF 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 #2 of 43 banks for FCNR-USD rates
Maturity | USD | ||
|---|---|---|---|
| Deposit Amount | Under $500K | $500K to $1M | $1M+ |
| 365 days | 5.00% | 5.10% | 5.10% |
| 366 days | 5.10% | 5.20% | 5.20% |
| 367 to 730 days | 5.00% | 5.10% | 5.10% |
| 731 to 1095 days | 4.00% | 4.10% | 4.10% |
| 1096 to 1460 days | 7.13% | 7.13% | 7.13% |
| 1461 to 1825 days | 7.13% | 7.13% | 7.13% |
| 1826 days | 7.50%BEST | 7.50%BEST | 7.75%BEST |
Compare FCNR rates
Bank Overview
Type
Small FinanceHeadquarters
ThrissurFounded
2017Branches
804DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
1.80%Fair
CAR
22.20%Strong
PCR
69.00%Fair
LCR
119.37%Fair
CASA
23.90%Fair
Frequently Asked Questions
As of August 2026, ESAF Small Finance Bank offers a highest FCNR interest rate of 7.75% 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.
ESAF Small Finance Bank supports FCNR deposits in major global currencies, including US Dollar (USD).
Yes, ESAF 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.