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Deposit in major currencies* and get healthy yield with FCNR (B) Term Deposit account. Your deposits are protected from exchange rate fluctuations

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FCNR Deposits

Deposit in major currencies* and get healthy yield with FCNR (B) Term Deposit account. Your deposits are protected from exchange rate fluctuations

Assured returns on your foreign currency deposits with FCNR Deposit

Deposit in 6 major foreign currencies with SC’s FCNR (B) Term Deposit account. Your deposits are shielded from foreign exchange fluctuations as you get assured returns that are tax-free and freely repatriable.

24×7 access to your account

Get 24×7 access to your Standard Chartered account through our simple, secure, and easy to use internet and phone banking platforms.

Flexibility in tenure

FCNR (B) deposit can be booked for a minimum period of 1 year and a maximum period 39 months* depending on the currency of the deposit.

Auto-renewal facility available

With FCNR deposit account, you do not have to worry about renewing it on maturity every time as it comes with a convenient auto-renewal facility.

Overdraft facility available

Standard Chartered offers you to avail and utilise the overdraft facility on your deposit in case of any contingency.

Global Link facility available on your account

Information of your SC accounts in multiple countries available on a single platform. Access all your global Standard Chartered accounts through a single login.

FAQs

  • FCNR(B) deposit is a term deposit which is maintained in foreign currency hence protects your investment from any exchange rate fluctuation. Interest earned on your FCNR(B) deposit will be in same respective foreign currency and will be tax free in India.

  • The expansion of FCNR(B) is Foreign Currency Non-Resident (Bank) Deposit.

  • An FCNR(B) Deposit can be opened with the assistance of your Relationship manager else please walk into any of our branches in India to have a seamless experience. The deposit can be funded by way of a fresh Inward Remittance from abroad / Transfer from an existing NRE A/C or existing funds available in his/her NRE A/C. (In case funds are currently in INR, it will be converted to the currency which the FCNR(B) is intended to be booked.

  • An FCNR(B) Deposit can be booked by any Standard Chartered NRI Customer who a/c is operative.

  • Interest earned on FCNR(B) Deposit are completely tax free in India.