Citigroup Inc. has partnered with Axis Bank to provide financing support to Non-Resident Indians (NRIs) investing in Foreign Currency Non-Resident (FCNR) deposits.
Axis Bank offers FCNR deposit interest rates of up to 6.40%.
Citigroup Inc. has partnered with Axis Bank to provide financing support to Non-Resident Indians (NRIs) investing in Foreign Currency Non-Resident (FCNR) deposits.
Axis Bank offers FCNR deposit interest rates of up to 6.40%.
Federal Bank Ltd has launched the 'FCNR Max Deposit Scheme', a Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit product for Non-Resident Indians (NRIs).
The scheme offers an annual interest rate of 6.25% on USD deposits with tenures ranging from 3 to 5 years and is valid until September 2026.
Bank of Baroda has launched the 'bob Golden Goal Deposit Scheme', a 555-day retail term deposit plan for deposits below ₹3 crore, offering interest rates up to 7.4% per annum.
The bank has also introduced the 'bob Legend Foreign Currency Non-Resident (Bank) [FCNR(B)]' deposit scheme, which offers interest rates of 6% for tenures of 3 to less than 4 years, 6.1% for 4 to less than 5 years, and 6.5% for 5-year deposits.