Accounts

Foreign Currency Non Resident (FCNR) Fixed Deposits

DBS BANK’s FCNR Deposit allows you to earn attractive returns on your foreign currency earnings.

Benefits

  • Maintain your deposit in any of these 9 currencies: USD, GBP, EUR, JPY, AUD, CAD, SGD,CHF & HKD
  • Tenures ranging from 1 year to 5 years
  • Open an account with as low an amount as USD 1000
  • Deposit amount and interest earned are fully repatriable
  • Automatic renewal of deposit on maturity
  • Our internet banking facility offers you 24-hour access to your account while ensuring the highest level of security
  • Nomination facility available
  • Bank at any of our branches during your visit to India with our inter-city banking facility
  • Easy account funding through our alliances with correspondent banks worldwide

Interest

  • Interest rates for FCNR deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time.
  • No interest is payable if FCNR Deposit is withdrawn before completion of 12 months
  • Interest compounded half-yearly

Taxation

  • FCNR Deposits are not taxable in India

Note

  • The deposit would be booked with the net amount received after deducting appropriate charges / fees as may applicable at the time of remittance / clearance of the cheque.

How to apply

  • Visit any of our branches
  • Call our hotline at 1800 209 4555/ 1800 103 9897/ +91 44 6685 4555
Get In Touch

Call Us: 1800 209 4555

Get In Touch

Call Us: 1800 209 4555

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