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City Union Bank FCNR (B) Deposit Plus enables Non-Resident Indians (NRIs) to invest in foreign currencies while earning competitive returns. Enjoy tax-free interest income in India, protection against currency fluctuations, and full repatriation of principal and interest. With FCNR deposit rates up to 7.10% p.a. on USD deposits, City Union Bank offers one of the most attractive FCNR Fixed Deposit options for NRIs. Also FCNR (B) Deposit Plus can be opened in GBP, EUR and AUD.
City Union Bank offers competitive FCNR (B) Deposit Plus interest rates across multiple foreign currencies including USD, GBP, EUR and AUD,. NRIs can choose deposit tenures ranging from 1 year to 5 years based on their investment goals.
Interest earned on FCNR (B) Deposit Plus is currently exempt from income tax in India as per prevailing tax regulations. This helps NRIs maximize their returns while maintaining investments in designated foreign currencies. FCNR deposits also provide flexibility in repatriation of both principal and accrued interest.
When comparing FCNR interest rates in India, NRIs should consider not only returns but also safety, flexibility, and service quality. City Union Bank offers:
FCNR (Foreign Currency Non-Resident) Fixed Deposit is a term deposit account that allows NRIs to maintain deposits in designated foreign currencies and earn interest without converting funds into Indian Rupees.
FCNR rates vary across banks and tenures. City Union Bank currently offers up to 7.10% p.a. on selected USD FCNR (B) Plus deposit tenures, making it one of the highest FCNR rate offerings available for NRIs.
Interest earned on FCNR deposits is generally tax-free in India for eligible NRIs as per prevailing regulations.
FCNR (B) Deposit Plus can typically be maintained in USD, GBP, EUR and AUD.
FCNR deposits can be opened for tenures ranging from 1 year to 5 years.
Last Updated on: 20-07-2026 05:39:49 PM
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