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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
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- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Get higher returns on your foreign currency deposits
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FCNR Deposits for NRIs
Our Foreign Currency Non-Resident (FCNR) account is designed to meet the unique financial requirements of Non-Resident Indians (NRIs). An FCNR fixed deposit lets NRIs hold their savings in foreign currencies, thus, safeguarding their wealth from exchange rate fluctuations. It offers attractive interest rates and tax-exempt interest in India, ensuring that NRIs can maximize their returns while maintaining financial stability.
Read moreWhat makes our FCNR deposit accounts special?
Available in five currencies
You can open an FCNR account in five major currencies: USD (US Dollar), GBP (British Pound), EUR (Euro), AUD (Australian Dollar), and SGD (Singapore Dollar).
Safeguard against exchange rate fluctuations
Maintain FCNR deposits in select foreign currency to prevent losses from exchange rate changes.
Tax free interest
Interest earned on FCNR deposits is completely exempt from Indian Income tax, helping you maximize your returns without tax liability in India.
Automatic renewals
Your deposits are auto-renewed upon maturity, ensuring continuous growth of your investments without any manual intervention.
Seamless repatriation of funds
Both the principal amount and the interest earned on your FCNR deposits are fully and freely repatriable.
How to Open FCNR Deposits
Active NRE Account holders can book FCNR deposit through the following ways:
Option 1
Send an email from registered email ID to your RM.
Option 2
Visit nearest branch for booking an NRE FD when in India.
Opening an NRE Savings Account online is the first step to booking your FCNR FD — simple, secure, and seamless!
Click on ‘Open Account’ and enter your mobile number and Email address.
Fill in your details and upload your certified KYC documents along with photo and signature.
Your account will be opened on successful verification of the documents.
Individuals falling under any of the below categories with an active NRI Bank account (NRE/NRO account) with IDFC FIRST Bank can open an FCNR Fixed Deposit.
Non-Resident Indians
Person of Indian Origin (PIO)
Overseas Citizen India (OCI)
Seafarers working on International Vessels
Oil Rig Employees working on International Offshore Projects
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Explore our range of NRI Fixed Deposit products to make an informed choice.
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FCNR Deposit FAQs
In which currency is my FCNR deposit maintained?
Your FCNR deposit will be maintained in the specified currencies chosen at the time of booking the deposit. The currencies are USD, GBP, EURO, AUD and SGD.
Are these accounts taxable in India?
As per current guidelines, the principal amount as well as interest earned on FCNR deposit is exempted from Income tax in India.
Can I repatriate funds invested in my FCNR deposit?
Yes, the funds held in your FCNR deposit are fully and freely repatriable (both principal and Interest).
Dedicated NRI Support
Experience premium support services crafted specifically for Non-Resident Indians worldwide!
NRI customers currently in India may call us at
Call us at 022 6248 5152
Write to us
Are you an NRI customer currently overseas?
Country specific information here
Reach out to your Dedicated Relationship Manager. Login to IDFC FIRST Bank Mobile Banking App > Access Menu in top left > My Relationship Team