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IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits
2026-10-16 01:37:22
Business
676
Mumbai, June 12, 2026: IDBI Bank has introduced FCNR(B) Special Opportunity Deposit in USD, offering enhanced returns to Non-Resident Indian (NRI) customers seeking secure and attractive foreign currency investment opportunities.
The Special Rates will be for limited period effective June 11, 2026 till September 30, 2026.
Key Features
· Principal and interest are fully repatriable.
· Protection against exchange rate fluctuations, as deposits are maintained in USD only.
· Interest earned is exempt from income tax in India, subject to prevailing regulations.
· Minimum lock-in period of 1 year.
User :- Lakshman Babu
Email :-babu.lakshman@gmail.com
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