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J&K Bank – FCNR Deposit Rates
Rates last updated by the bank on 10-Aug-26. Visit bank site
Rates last updated by the bank on 10-Aug-26.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #19 of 43 banks for FCNR-USD rates
Maturity | USD | |
|---|---|---|
| Deposit Amount | Under $1M | $1M+ |
| Above 1 to <2 years | 4.50% | 4.50% |
| 2 to <3 years | 3.70% | 3.70% |
| 3 to <4 years | 6.50%BEST | 6.60%BEST |
| 4 to <5 years | 6.50% | 6.60% |
| 5 years | 6.50% | 6.60% |
Compare FCNR rates
Bank Overview
Type
PrivateHeadquarters
SrinagarFounded
1938Branches
1017DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
0.64%Strong
CAR
16.55%Strong
PCR
90.33%Strong
LCR
122.96%Strong
CASA
45.65%Strong
Frequently Asked Questions
As of August 2026, J&K Bank offers a highest FCNR interest rate of 6.60% for USD, 6.50% for GBP, 4.95% for EUR, 4.50% for CAD, 5.50% for AUD, and 0.65% for JPY. 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), Australian Dollar (AUD), and Japanese Yen (JPY).
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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.