Kolkata, June 19, 2026: Bandhan Bank has announced an enhanced Foreign Currency Non-Resident (Bank) [FCNR (B)] deposit scheme for Non-Resident Indian (NRI) customers, offering attractive returns on US Dollar-linked deposits with tenures ranging from 3 to 5 years.
Under the revised offering, the Bank will provide an interest rate of 7.1% on FCNR (B) deposits of USD 1 million and above, while deposits of up to USD 1 million will earn 7% interest. The move aims to provide NRIs with a secure investment avenue offering stable returns while reducing exposure to currency fluctuations.
The enhanced deposit rates come at a time when global investors are seeking long-term financial stability and protection against exchange rate volatility. By investing in FCNR (B) deposits, customers can benefit from competitive returns while safeguarding their investments from potential rupee depreciation.
Speaking on the initiative, Rajinder Kumar Babbar, Executive Director & Chief Business Officer, Bandhan Bank, said, “We are pleased to introduce this attractive FCNR (B) deposit offering for our NRI customers. The scheme enables them to lock in competitive returns for a longer tenure while effectively mitigating currency-related risks. We remain committed to delivering tailored financial solutions to meet the evolving needs of our global customer base.”
The announcement follows the Reserve Bank of India’s introduction of a US Dollar–Rupee Forex Swap Facility for banks on fresh FCNR (B) deposits with tenures between three and five years. The regulatory measure is intended to encourage foreign currency inflows into the Indian banking system.
With a nationwide network of nearly 2,000 branches, Bandhan Bank is extending this limited-period offer to NRIs, encouraging them to open non-resident accounts and take advantage of the current favorable deposit rates.
