DBS Bank India offers up to 5.6 percent per annum on USD FCNR(B) deposits

Mumbai, July 01: DBS Bank India has revised the interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits for Non-Resident Indians (NRIs), in line with the Reserve Bank of India’s (RBI) recent announcement. The new rates are effective from 1 July 2026.

The bank will now offer up to 5.6% per annum* on USD FCNR(B) deposits for tenures ranging from three to five years. This provides NRIs with an opportunity to earn attractive returns while maintaining their savings in a foreign currency. Deposits are fully repatriable, with both principal and interest payable in the designated foreign currency, thereby reducing exposure to exchange-rate fluctuations at maturity.

DBS has been named Asia’s Safest Bank for 17 consecutive years by Global Finance (2009–2025), and the bank’s AA- and Aa1 credit ratings are among the highest in the world. DBS Bank India combines the strength of a leading Asian bank with a comprehensive suite of solutions tailored to the needs of NRI customers.

DBS Bank India differentiates itself through DBS Treasures, its NRI banking and wealth management proposition. It brings together a comprehensive suite of banking, wealth, and investment solutions for seamless financial management across geographies, alongside its enhanced FCNR(B) offering.

Eligible NRIs can also benefit from seamless digital onboarding, enabling them to open accounts from overseas with ease, including for FCNR(B) deposits. By taking a holistic view of clients’ financial needs, DBS Bank India delivers integrated banking, investment and financing solutions that help them manage remittances, grow their investments and plan for long-term wealth creation.

Key features of DBS Bank India FCNR(B) deposits:

• Earn up to 5.6%* per annum on USD deposits.
• Available for flexible tenures ranging from three to five years.
• Principal and interest payable in foreign currency.
• Fully repatriable, enabling the seamless movement of funds.
• Reduced exposure to exchange-rate fluctuations at maturity.

DBS was recently recognised at the Euromoney Private Banking Awards 2026, where it was named the World’s Best Private Bank and the World’s Safest Private Bank, reinforcing the Group’s position as a trusted partner for clients seeking to protect and grow their wealth.