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

Mumbai (Maharashtra) [India], June 19: 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.

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.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)