Business

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

Jun 19, 2026

BusinessWire India
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)

More news

Sh. Shrivallabh Goyal, Whole-time Director Reliance MET City, and Mr. Manish Jaiswal, CEO, Reliance MET City, flag off the inaugural International Half Marathon in Jhajjar

Reliance MET City's Inaugural International Half Marathon Brings Together 2,500 Runners from Across India and Overseas

New Delhi [India], October 27: Reliance MET City successfully hosted the inaugural MET City International Half Marathon on Sunday at MET City Jhajjar, bringing together 2,500 runners across the 21.1K Half Marathon, 10K Timed Run and 5K Fun Run/Walk categories for a celebration of fitness, endurance and community participation across the township’s wide, green and traffic-free roads. The event witnessed participation from runners across India as well as overseas, adding a national and international dimension to the inaugural edition. The AIMS-certified course offered runners a smooth-running experience, with participants competing for a prize pool of close to Rs. 9 lakh.

Oct 27, 2026

An Indore child psychologist highlights the importance of personalised support and how online assessments are helping families across the Gulf countries, Canada, and Germany.

Child Not Improving in Therapy? Why a Full Child Psychological Assessment Should Come First, as Indian-Origin Parents Abroad Seek Online Help

Oct 27, 2026

Moto Edge 70 Neo vs Edge 60 Neo: Compare design, display, camera, performance, battery life, and key features to see which smartphone suits you best

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

More news

Reliance MET City's Inaugural International Half Marathon Brings Together 2,500 Runners from Across India and Overseas

Child Not Improving in Therapy? Why a Full Child Psychological Assessment Should Come First, as Indian-Origin Parents Abroad Seek Online Help

Moto Edge 70 Neo vs Edge 60 Neo: What's New?

Barito Renewables Completes Star Energy Darajat Unit 3 Retrofit, bringing installed capacity to 935.55 MW

HAUTTON: The Art of Quiet Luxury Through Genuine Leather

Delhi NCR-Based Deemed-to-be University Strengthens Academic Excellence Through AI, Research and Innovation

27 Architecture Students of IPS Academy Undertake International Study Tour to Dubai and Abu Dhabi

Tredence Named as an Industry Leader in ISG Provider Lens® Agentic AI Services