Mumbai : Punjab National Bank (PNB), one of India’s leading public sector banks, has announced further attractive interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] Deposit Accounts, enabling Non-Resident Indians (NRIs) to grow their savings in the currency they earn while enjoying competitive returns and complete repatriability.
Under the FCNR(B) deposit scheme, customers can earn interest rates of up to 6.60% per annum on deposits with a tenure of up to five years. The scheme is available in major foreign currencies, including USD, GBP, EUR, CAD, and AUD.
The revised interest rates are as follows:
| Currency | Less than 1 Million | 1 Million and Above |
| USD | Up to 6.50% p.a. | Up to 6.60% p.a. |
| GBP | Up to 6.50% p.a. | Up to 6.60% p.a. |
| EUR | Up to 4.95% p.a. | Up to 5.05% p.a. |
| CAD | Up to 4.90% p.a. | Up to 5.00% p.a. |
| AUD | Up to 5.50% p.a. | Up to 5.60% p.a. |
*Terms and conditions apply
PNB’s FCNR(B) deposits also offer several key benefits, including a one-year lock-in period and full repatriability of both principal and interest, making them an attractive investment avenue for NRIs seeking stable returns while maintaining flexibility in managing their overseas earnings.
For more information, customers may contact PNB NRI Cell Delhi or log on to pnb.bank.in or contact NRI Cell at [email protected].
