Federal Bank introduces special FCNR deposits offering interest rates of 6.25% per annum

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 by Bhavna SJ 

Mumbai, 16th June 2026: Federal Bank has announced the launch of a special FCNR deposit in US Dollars named ‘FCNR Max Deposit Scheme’, aimed at meeting the rising demand among NRI customers for high-yield, secure investment options. The deposit scheme offers an interest rate of 6.25% for tenures ranging from 3 to 5 years, ensuring stable and competitive returns.

The bank remains committed to offer customer-centric financial solutions, especially for its NRI clientele and that the FCNR Max Deposit Scheme reflects Federal Bank’s focus on delivering both value and reliability in foreign currency investments said Mr. Joy P. V., Country Head – Retail Liabilities.

FCNR Max Deposit Scheme comes with a lock-in period of 1 year from the date of opening. In the event of premature closure after the lock-in period, interest will be payable at a rate 1% lower than the applicable rate for the actual period the deposit was maintained with the bank.

About Federal Bank

Federal Bank (NSE: FEDERALBNK) is one of India’s leading private sector banks, with a legacy spanning nine decades and a clear focus on long-term value creation. As on 31 March 2026, the Bank’s total business mix (deposits and advances) stood at ₹5.78 lakh crore.

With a strong nationwide presence of over 1,600 banking outlets complemented by robust digital capabilities, Federal Bank serves millions of customers through an integrated physical and digital network. The Bank maintains an international connect through its Representative Offices in Dubai and Abu Dhabi, which serve as key touchpoints for Non-Resident Indian customers in the UAE. It also operates an IFSC Banking Unit (IBU) at GIFT City, becoming part of India’s evolving global financial ecosystem.

Anchored in its core values of trust, prudence, and customer centricity, Federal Bank continues to evolve through disciplined execution and a clear, contemporary approach to banking.

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