IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

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.

	For Deposit amount in USD
Maturity Slab	Upto USD 1 Million	More than USD 1 Million and upto USD 5 Million	Above USD 5 Million
3 years to less than 4 years	6.00%	6.05%	6.10%
4 years to less than 5 years	6.05%	6.10%	6.15%
5 years	6.10%	6.15%	6.20%

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.