IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits
2026-06-19·via Latest Brandhub News | The HinduBusinessLine
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Mumbai, Maharashtra, India – Business Wire India
Updated - June 19, 2026 at 06:01 PM.
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.
“This is a company press release that is not part of editorial content. No journalist of The Hindu was involved in the publication of this release.”
Published on June 19, 2026
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