Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Kshitij Anand

NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR deposits

DBS RBI DBS Bank India Ujjivan Small Finance Bank India

The Reserve Bank of India's (RBI) recent measures to attract foreign currency inflows are prompting banks to sweeten returns on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, with lenders rolling out higher interest rates to tap the Non-Resident Indian (NRI) segment.

Joining the race, Ujjivan Small Finance Bank has increased the interest rate on USD FCNR(B) deposits for the 3-5 year tenure to 7.50% per annum, positioning itself among the highest-paying banks in the segment. Meanwhile, DBS Bank India has revised its rates to offer up to 5.6% per annum on USD FCNR(B) deposits for the same tenure, effective July 1, 2026.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
US Schools Record Nearly 12,000 Book Bans, the Highest Ever in a Single Year, as 'Jane Eyre' and 'Lessons in Chemistry' Join the List
PEN America reports nearly 12,000 book-ban instances in US schools, a record total, as Texas overtakes Florida and AI tools enter the removal process.
International Business Times UK
International Business Times UK
Alice Zaslavsky’s shortcut beetroot baked risotto – recipe
An unconventional technique makes this vibrant rice – finished with dill fronds – a lower-touch dinner for weeknights
The Guardian - AU
The Guardian - AU
Does your sleep tracker get it right? A Pittsburgh neuroscientist weighs in
On a typical night, I go to bed wearing a tracking watch on one wrist and another type of tracker on the other wrist. Then I compare their sleep findings while I drink my morning coffee.
The Conversation
The Conversation
There's A Reason Taxi Cabs Are Almost Always Yellow
Yellow taxis are easy to spot in traffic, but the color's history goes far beyond simple visibility.
Motor1
Motor1
How ‘technoference’ can disrupt parent-child connections
Have you ever been telling someone a story when their phone lights up, and their eyes flicker toward their device?
The Conversation
The Conversation
Holding Lightning by Emily Lordi review – an intimate portrait of Whitney Houston
An empathetic biography of the the singer recasts her tumultuous later career as a triumph of self-expression
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play