J&K Bank – FCNR Rates
This bank last updated its deposit rates on 10-Jul-26.
Maturity Period | USD | GBP | EUR | CAD | AUD | |
|---|---|---|---|---|---|---|
Under $1M | $1M+ | |||||
| Above 12 Months to < 24 Months | 4.50% | 4.50% | 4.15% | 2.75% | 3.25% | 3.75% |
| 24 Months to < 36 Months | 3.70% | 3.70% | 3.30% | 2.35% | 2.50% | 3.25% |
| 36 Months to < 48 Months | 6.50% | 6.60% | 4.40% | 3.50% | 3.15% | 4.50% |
| 48 Months to < 60 Months | 6.50% | 6.60% | 4.65% | 3.65% | 3.40% | 4.65% |
| 60 Months | 6.50% | 6.60% | 4.65% | 3.75% | 3.40% | 4.75% |
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Frequently Asked Questions
As of July 2026, J&K Bank offers a highest FCNR interest rate of 6.60% for USD, 4.65% for GBP, 3.75% for EUR, 3.40% for CAD, and 4.75% for AUD. 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.
J&K Bank supports FCNR deposits in major global currencies, including US Dollar (USD), British Pound (GBP), Euro (EUR), Canadian Dollar (CAD), and Australian Dollar (AUD).
Yes, J&K 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.