Lucrative Returns on Investment
Earn high interest rates of 4.50%* p.a. on your FCNR(B) deposits. Click here for Interest Rates
Zero Markup & Zero Charges on International Money Transfers
More savings across all your remittance needs
Flexible Account Tenure
Decide on a duration ranging from 1 year to 5 years, as per your requirement
Available Currencies
Book your FCNR(B) deposit in 5 major currencies – USD, EURO, GBP, CAD & SGD
Tax Benefits
Principal and interest earned are 100% tax free
Additional Interest Benefits
Interest for deposit is compounded every six months (180 days)
Full Repatriation
Both the principal amount and the interest earned are fully and freely repatriable
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Portfolio Diversification
Investing in FCNR(B) deposits allows you to diversify your investment portfolio across different currencies
No Cap on Deposits
There is no upper limit on the amount of FCNR(B) deposit
Hassle-Free Renewal
Automatic renewal of your principal and interest on maturity
No Currency Conversion Costs
The deposits are maintained in foreign currencies; hence no cost is associated with currency conversion
Nomination Facility
Nominate a beneficiary to claim the interest and earnings from your regular Fixed Deposit in case of an unfortunate event.
Penalty on Premature Withdrawal
Things to know
Eligibility criteria
The individual must be a Non-Resident Indian (NRI) as per FEMA definition
How to book a FCNR(B) Deposit?
If You Are New to our Bank
- Download and complete the NRI Account Opening Form.
- Email the signed form along with self-attested and notarized copies of the required KYC documents to nriservices@aubank.in.
- AU Small Finance Bank will arrange a courier pickup of the original documents from your registered overseas address.
- Upon successful verification and creation of your Customer ID (CIF), remit funds from your overseas bank account to AU Small Finance Bank.
- While remitting funds, mention "New FCNR - Customer ID" in the transaction remarks.
- Once the funds are received, your FCNR (B) Deposit will be booked as per the applicable interest rate and tenure selected by you.
Face-to-Face
- Complete in-person verification at any AU Small Finance Bank branch during your visit to India.
- Submit the duly filled NRI Account Opening Form along with self-attested KYC documents.
- Upon successful verification and creation of your Customer ID (CIF), remit funds from your overseas bank account to AU Small Finance Bank.
- While remitting funds, mention "New FCNR - Customer ID" in the transaction remarks.
- Once the funds are received, your FCNR (B) Deposit will be booked as per the applicable interest rate and tenure selected by you.
If You Already Have an Account with us:
Non-Face-to-Face
You can book an FCNR (B) Deposit through either of the following methods:
Option 1: Application Form
- Complete and sign the FCNR (B) Deposit Application Form.
- Email the signed form to nriservices@aubank.in.
- The NRI Services Team will contact you for verification.
- Upon successful verification, your FCNR (B) Deposit will be booked.
Option 2: Email Request
- Send an email to nriservices@aubank.in with the following details:
- Deposit Amount
- Deposit Tenure
- Currency
- Applicable Interest Rate
- The NRI Services Team will review your request and contact you for verification.
- Upon successful verification, your FCNR (B) Deposit will be booked.
FCNR (B) Deposit booking is subject to successful verification and applicable bank policies and regulatory requirements.
Face-to-Face
- Visit any AU Small Finance Bank branch during your visit to India.
- Submit the duly filled and signed FCNR (B) Deposit Application Form.
- Fund your deposit through the applicable payment mode.
- The branch team will verify your details and process your FCNR (B) Deposit request.
- Upon successful verification, your FCNR (B) Deposit will be booked.
FCNR (B) Deposit booking is subject to successful verification and applicable bank policies and regulatory requirements.
How can you transfer your funds to book FCNR(B) deposit?
Funds can be transferred from your AU NRE account or any foreign currency account outside India. Upon fund transfer from your NRE account, the amount transferred will be converted into the foreign currency at prevailing exchange rates and deposited in foreign currency equivalent.
How to book FCNR(B) deposit through Wire Transfer?
- Place wire transfer instructions to your overseas bank
- Mention Customer ID in Beneficiary Account number field and mention tenure details/ FCNR creation in SWIFT remarks
- For more details on wire transfer refer swift and bic
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Frequently Asked Questions (FAQs)
What is the minimum amount to book FCNR(B) deposit?
The minimum amount is 500 in any currency.
What is the tenure for which I can open an FCNR(B) Deposit?
You can maintain an FCNR deposit for a tenure ranging from 1 year to 5 years.
What will happen to my FCNR(B) deposit once it matures, and I forget about it?
The FCNR(B) will be renewed automatically, to ensure you keep on earning attractive interest rates. However, if account is opened under non-auto renewal mode, you must give us written maturity instructions.
Will I get a Cheque Book and an ATM-cum-Debit Card when I open an FCNR(B) Deposit?
No, you will not get a cheque book or an ATM-cum-debit card with your FCNR(B) Deposit.
Are there any charges or penalties for premature withdrawal of FCNR(B) deposit?
- Premature Withdrawal of FCNR(B) Deposits:
- A 1% penalty will apply in case of premature withdrawal of FCNR(B) deposits.
- No interest will be payable if the deposit is withdrawn within one year from the date of booking.
- FCNR(B) deposits with half-yearly interest payout will have a lock-in period of 12 months, during which premature withdrawal will not be permitted.
Applicable for FCNR(B) deposits opened on or after 1st July 2026.
Can I transfer the FCNR(B) FD closure proceeds to a third-party account?
FCNR(B) deposit closure proceeds need to be transferred to an account where the FCNR (B) FD holder is a primary applicant.
Can I appoint a mandate holder for my FCNR(B) Deposits account?
No, a mandate holder can be appointed only for operating savings account.
Can I have a Nominee for my FCNR(B) Deposits?
Yes, you can register a nominee for this account.
Can I transfer funds from my existing NRO account to open FCNR(B) Deposit?
No, NRO funds cannot be used to create FCNR(B) deposit.
