ListenET OnlineLatest FCNR rates: HDFC, ICICI, SBI, PNB & moreBanks like HDFC Bank, ICICI Bank, Central Bank of India and AU Small Finance Bank updated their Foreign Currency Non-Resident (Bank)- FCNR(B) interest rates for various currencies and tenures today (Wednesday, June 10, 2026). FCNR(B) rates are in focus ever since the Reserve Bank of India (RBI) announced that the government would cover the hedging costs for new 3 to 5 year FCNR(B) deposits until September 30, 2026. RBI governor Sanjay Malhotra made this announcement in the Monetary Policy Committee (MPC) meeting last week, most likely benefitting Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (POIs) who may earn higher interest on certain FCNR(B) deposits if banks increase rates.Income Tax GuideIncome Tax Union Budget FY 2026-27 LiveIncome Tax Slabs FY 2025-26Income Tax Calculator 2025Also read: FCNR deposit in demand: $1,277 extra on $10,000 investment by NRI after RBI's latest move?What is an FCNR(B) account?An FCNR account allows NRIs, OCIs and Persons of Indian Origin (POIs) to maintain fixed deposits in foreign currencies, offering tax-free interest, easy repatriation of funds and protection against exchange rate fluctuations.Public and private sector banks offer FCNR(B) in currencies such as USD, GBP, EUR, AUD, CAD and JPY.Latest FCNR(B) interest rates from HDFC Bank, ICICI Bank, SBI and othersCheck the latest FCNR(B) interest rates from HDFC Bank, SBI, ICICI Bank, Central Bank of India and AU Small Finance Bank as of June 10, 2026. (Here we have mentioned only USD FCNR(B) rates. Latest Central Bank of India FCNR(B) interest ratesCentral Bank of India is offering its highest interest rate of 6% in 3 to 5 years FCNR(B) schemes. The PSU bank updated its FCNR(B) on Wednesday. Tenure Interest Rates in different currencies in % p.a. USD 1 year to less than 2 years 5 2 years to less than 3 years 4 3 years to less than 4 years 6 4 years to less than 5 years 6 5 years only 6 Overdue Deposit 2 Latest HDFC Bank FCNR(B) interest ratesHDFC Bank also updated its FCNR(B) interest rates today. The highest interest rate offered by the bank is 6% in tenures of 3 years to 5 years. Period USD <1 lakh >= 1 lakh to < 5 lakh >= 5 lakh to < 1 mio >= 1 mio to < 10 mio >= 10 mio to < 20 mio >= 20 mio to < 100 mio >= 100 mio 1 Year- less than 2 years 3.95% 3.95% 3.95% 3.95% 3.95% 3.95% 3.95% 2 years - less than 3 years 3.60% 3.60% 3.60% 3.60% 3.60% 3.60% 3.60% 3 year to less than 4 years 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 4 years to less than 5 years 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 5 years only 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Latest AU Small Finance Bank FCNR(B) interest ratesAU Small Finance Bank has significantly increased its FCNR(B) deposit rates, with USD deposit rate increasing from 5.15% p.a. to 7.10% p.a., effective June 10, 2026. The 7.10% interest rate is available in 3 to 4-year deposits. Tenure/ Currency < USD 500,000 >= USD 500,000 1 Yr to < 2 Yrs 5.10% 5.15% 2 Yrs to < 3 Yrs 4.55% 4.55% 3 Yrs to < 4 Yrs 7.10% 7.10% 4 Yrs to < 5 Yrs 7.00% 7.00% 5 Yrs 7.00% 7.00% Latest ICICI Bank FCNR(B) interest ratesICICI Bank also updated its FCNR(B) interest rates today. One of the major banks, ICICI Bank, is offering its highest FCNR(B) interest rates on 12 to 24-month tenures. Tenure USD USD USD < 10000000 >=10000000 to < 25000000 >=25000000 12 months to < 24 months 3.85% 4.50% 3.85% >= 24 months to < 36 months 3.35% 3.35% 3.35% >= 36 months to < 48 months 3.00% 3.00% 3.00% >= 48 months to < 60 months 2.90% 2.90% 2.90% 60 Months 2.90% 2.90% 2.90% SBI FCNR(B) interest ratesState Bank of India has the highest FCNR(B) interest rate of 4.4% in its 1 to 2-year schemes. These rates are effective from January 15, 2026. PERIOD OF THE DEPOSIT RATE 1 year 4.4 Above 1 year to less than 2 years 4.4 2 years to less than 3 years 3.55 3 years to less than 4 years 3.35 4 years to less than 5 years 2.95 5 years 3.05 PNB FCNR(B) interest ratesPunjab National Bank updated its FCNR(B) interest rates on June 1, 2026. The bank offers its highest FCNR(B) rates in 1 to 2-year schemes. Currency 1 Year to < 2 Years 2 Years to < 3 Years 3 Years to < 4 Years USD* 4.99% 3.47% 3.24% Note: All rates from respective bank website on June 10, 2026. (Join our ETWealth WhatsApp channel for all the latest updates)
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