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Punjab & Sind Bank – FCNR Deposit Rates
Rates last updated by the bank on 15-Jun-26. Visit bank site
Rates last updated by the bank on 15-Jun-26.
₹5l DICGC insuredDICGC insured up to ₹5L
•Ranked #15 of 43 banks for FCNR-USD rates
Maturity | USD |
|---|---|
| 2 to <3 years | 3.65% |
| 3 to <4 years | 6.70% |
| 4 to <5 years | 6.75% |
| 5 years | 6.80%BEST |
Compare FCNR rates
Bank Overview
Type
PublicHeadquarters
New DelhiFounded
1908Branches
1554DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
0.79%Strong
CAR
17.42%Strong
PCR
90.91%Strong
LCR
134.09%Strong
CASA
30.77%Fair
Frequently Asked Questions
As of August 2026, Punjab & Sind Bank offers a highest FCNR interest rate of 6.80% for USD, 3.00% for GBP, 1.50% for EUR, 2.90% for CAD, and 3.60% 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.
Punjab & Sind 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, Punjab & Sind 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 However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.