Banks like HDFC Bank, ICICI Bank, Central Bank of India and AU Small Finance Bank updated their Foreign Currency Non-Resident (Bank)- FCNR(B) interest rates for various currencies and tenures today (Wednesday, June 10, 2026).
FCNR(B) rates are in focus ever since the Reserve Bank of India (RBI) announced that the government would cover the hedging costs for new 3 to 5 year FCNR(B) deposits until September 30, 2026. RBI governor Sanjay Malhotra made this announcement in the Monetary Policy Committee (MPC) meeting last week, most likely benefitting Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (POIs) who may earn higher interest on certain FCNR(B) deposits if banks increase rates.
Also read: FCNR deposit in demand: $1,277 extra on $10,000 investment by NRI after RBI's latest move?
What is an FCNR(B) account?
An FCNR account allows NRIs, OCIs and Persons of Indian Origin (POIs) to maintain fixed deposits in foreign currencies, offering tax-free interest, easy repatriation of funds and protection against exchange rate fluctuations.
Public and private sector banks offer FCNR(B) in currencies such as USD, GBP, EUR, AUD, CAD and JPY.
Latest FCNR(B) interest rates from HDFC Bank, ICICI Bank, SBI and others
Check the latest FCNR(B) interest rates from HDFC Bank, SBI, ICICI Bank, Central Bank of India and AU Small Finance Bank as of June 10, 2026. (Here we have mentioned only USD FCNR(B) rates.
Latest Central Bank of India FCNR(B) interest rates
Central Bank of India is offering its highest interest rate of 6% in 3 to 5 years FCNR(B) schemes. The PSU bank updated its FCNR(B) on Wednesday.
| Tenure | Interest Rates in different currencies in % p.a. |
| USD | |
| 1 year to less than 2 years | 5 |
| 2 years to less than 3 years | 4 |
| 3 years to less than 4 years | 6 |
| 4 years to less than 5 years | 6 |
| 5 years only | 6 |
| Overdue Deposit | 2 |
Latest HDFC Bank FCNR(B) interest rates
HDFC Bank also updated its FCNR(B) interest rates today. The highest interest rate offered by the bank is 6% in tenures of 3 years to 5 years.
| Period | USD | ||||||
| <1 lakh | >= 1 lakh to < 5 lakh | >= 5 lakh to < 1 mio | >= 1 mio to < 10 mio | >= 10 mio to < 20 mio | >= 20 mio to < 100 mio | >= 100 mio | |
| 1 Year- less than 2 years | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% |
| 2 years - less than 3 years | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
| 3 year to less than 4 years | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
| 4 years to less than 5 years | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
| 5 years only | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
Latest AU Small Finance Bank FCNR(B) interest rates
AU Small Finance Bank has significantly increased its FCNR(B) deposit rates, with USD deposit rate increasing from 5.15% p.a. to 7.10% p.a., effective June 10, 2026. The 7.10% interest rate is available in 3 to 4-year deposits.
| Tenure/ Currency | < USD 500,000 | >= USD 500,000 |
| 1 Yr to < 2 Yrs | 5.10% | 5.15% |
| 2 Yrs to < 3 Yrs | 4.55% | 4.55% |
| 3 Yrs to < 4 Yrs | 7.10% | 7.10% |
| 4 Yrs to < 5 Yrs | 7.00% | 7.00% |
| 5 Yrs | 7.00% | 7.00% |
Latest ICICI Bank FCNR(B) interest rates
ICICI Bank also updated its FCNR(B) interest rates today. One of the major banks, ICICI Bank, is offering its highest FCNR(B) interest rates on 12 to 24-month tenures.
| Tenure | USD | USD | USD |
| < 10000000 | >=10000000 to < 25000000 | >=25000000 | |
| 12 months to < 24 months | 3.85% | 4.50% | 3.85% |
| >= 24 months to < 36 months | 3.35% | 3.35% | 3.35% |
| >= 36 months to < 48 months | 3.00% | 3.00% | 3.00% |
| >= 48 months to < 60 months | 2.90% | 2.90% | 2.90% |
| 60 Months | 2.90% | 2.90% | 2.90% |
SBI FCNR(B) interest rates
State Bank of India has the highest FCNR(B) interest rate of 4.4% in its 1 to 2-year schemes. These rates are effective from January 15, 2026.
| PERIOD OF THE DEPOSIT | RATE |
| 1 year | 4.4 |
| Above 1 year to less than 2 years | 4.4 |
| 2 years to less than 3 years | 3.55 |
| 3 years to less than 4 years | 3.35 |
| 4 years to less than 5 years | 2.95 |
| 5 years | 3.05 |
PNB FCNR(B) interest rates
Punjab National Bank updated its FCNR(B) interest rates on June 1, 2026. The bank offers its highest FCNR(B) rates in 1 to 2-year schemes.
| Currency | 1 Year to < 2 Years | 2 Years to < 3 Years | 3 Years to < 4 Years |
| USD* | 4.99% | 3.47% | 3.24% |
Note: All rates from respective bank website on June 10, 2026.
Bank of Baroda FCNR(B) interest rates
Bank of Baroda (Bank) has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), The new scheme is applicable with effect from June 11, 2026.
Under the new FCNR (B) Deposit Scheme, Bank of Baroda is offering higher interest rates for deposits in the 3 to 5 year maturity bucket across major foreign currencies including the US Dollar (USD). Customers can now earn up to 6.00% on USD deposits.
