At a Glance

With a Foreign Currency Non Resident (FCNR) account, Global Indians can deposit earnings from anywhere in the world to a FCNR account in India for security and attractive returns.

Maximise your earnings

Enjoy attractive rates of interest and no tax on your FCNR account deposits in India

Worldwide options

Nine currencies available, fully repatriable deposit and interest

Easy to open and manage

Low initial deposit and access via internet banking

 

Features & Benefits

Multiple currencies
Make and maintain your deposit in USD, GBP, EUR, JPY, AUD, CAD, SGD, CHF and HKD

Low initial deposit and costs
Open your account with USD 1,000. No taxation on FCNR deposits and returns in India

Fast and efficient

  • 24-hour access via internet banking
  • Inter-city banking between DBS India branches
  • Strong network with correspondent banks worldwide for easy account funding
  • Nomination facility available

Attractive returns

  • Interest is compounded quarterly
  • No interest is paid if an FCNR Deposit is withdrawn within 12 months of opening

Please note that your deposit is booked with the net amount after deducting charges / fees as applicable at the time of remittance / clearance of the cheque.

 

How to Apply

Contact me
A Relationship Manager will reach out to you
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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