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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
- Accounts for Trusts/Associations/Societies/Clubs
- 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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Zero Forex Markup Current Account
Maximise your savings and boost profitability with our Zero Forex Markup current accounts
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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A Card that Powers your Savings & Lifestyle
IDFC FIRST Bank HPCL Credit Card
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Earn up to 6.50% interest on your Savings Account
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Earn a higher Interest Rate of 6.75% p.a. with FCNR Plus Deposits
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Calculate FCNR Deposit returns
What is FCNR Plus?
FCNR Plus is specially curated foreign currency deposit designed for NRIs under the RBI’s limited-period FCNR Swap Scheme to manage your US Dollar earnings. It combines the benefits of an FCNR deposit with enhanced interest rates and select tenures, helping you earn more on your US Dollar savings while remaining protected from INR exchange rate fluctuations.
Read moreWhy choose FCNR Plus?
Protection from Exchange Rate Volatility
The deposit is maintained and repaid in the same foreign currency, there is no exchange rate risk on the principle/interest/maturity value.
Higher Returns on USD Savings
With the special swap facility, banks can offer more attractive interest rates compared to regular FCNR deposits during this limited-time window.
Attractive, Optimised Returns
Benefit from competitive and attractive interest rates on your deposit, making it a compelling investment option compared to regular FCNR offerings.
Tax Efficiency
Interest earned on FCNR Plus deposits is tax-free in India (as per prevailing tax laws).
Full Repatriability
Both principal and interest are fully repatriable without restrictions, ensuring liquidity across geographies.
FCNR Plus Deposit at a Glance
| Feature | Details |
|---|---|
| Currency | USD |
| Interest Rate | 6.75% |
| Tenure | 3-5 Years |
| Exchange Rate Risk | None |
| Tax on Interest | Exempt in India |
| Repatriability | Fully Repatriable |
| Availability | Till 30th September 2026 |
Key Features
Lock in Period
The deposit will be subject to a minimum lock-in period of 1 (one) year.
Premature withdrawal
Premature withdrawal on these deposits are permitted only post the completion of the lock in period of 1 year.
Auto-Renewal/Rollover
These deposits shall not be eligible for auto-renewal or rollover upon maturity.
Currency
FCNR Plus Deposits is available in USD currency only.
Validity
FCNR Plus deposits will be offered up to September 30,2026 as per RBI circular on ‘Swap Facility For FCNR (B)Deposits’ dated 8th June 2026.
How to Open FCNR Deposits
Existing NRI customers of IDFC FIRST Bank , can simply send an email with the FCNR Deposit form filled in to their relationship manager. Click here to know your RM.
Opening an NRE Savings Account online is the first step to booking your FCNR Plus 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.
FCNR Plus Deposit FAQs
What is an FCNR Plus Deposit?
IDFC FIRST Bank‘s FCNR Plus deposits are special FCNR deposits providing enhanced interest rates under favourable market conditions, while continuing to retain all the features, safety, and benefits of standard FCNR deposits.
Why are FCNR Plus deposits attractive?
FCNR Plus deposits are attractive as they are being offered under the RBI’s limited-time swap window, enabling better and competitive interest rates for a short, time-bound period.
What is the recent RBI measure regarding FCNR deposits?
The Reserve Bank of India has introduced a special swap window for banks, enabling them to raise FCNR deposits at more attractive terms. This helps banks pass on better value to customers in the form of improved interest rates. Click here to view our interest rates.
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