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Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

FCLRD scheme offers dual advantage of both Rupee Deposits & FCNRD Deposit with benefits like easy liquidity & convertibility, nomination facility etc. Avail FCLRD scheme now!

Account typeForeign Currency Linked Rupee Deposit for NRIs, with a forward contract available on maturity amount.Interest rateAs applicable under the FCNR(B) scheme from time to time; expected customer yield depends on forward premium between the two currencies.Minimum depositUSD 10,000 or equivalent in any convertible currency, including INR equivalent.
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Quick eligibility check

Foreign Currency Linked Rupee Deposits (FCLRD) Scheme

0 of 1 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Non-resident Indians funding from an existing NRE/FCNR account or permitted fresh inward remittance through normal banking channels?

Published source: Residency eligibility
0 of 1 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Account typeForeign Currency Linked Rupee Deposit for NRIs, with a forward contract available on maturity amount.View source
The official page describes the rupee-linked foreign-currency deposit and forward-contract feature.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
CurrencyReceipt may be denominated in USD, GBP, EUR or AUD; minimum USD 10,000 or equivalent in a convertible currency.View source
The official page lists the four denominations and USD 10,000 minimum equivalent.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features — Minimum Amount / Denomination
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Minimum depositUSD 10,000 or equivalent in any convertible currency, including INR equivalent.View source
The product page and repeat the USD 10,000 minimum-equivalent requirement.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features — Minimum Amount
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Tenure12, 24 or 36 months; no interest is payable before 12 months.View source
The official page publishes 12-, 24- and 36-month periods and the one-year minimum for interest.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features / — Period
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Interest rateAs applicable under the FCNR(B) scheme from time to time; expected customer yield depends on forward premium between the two currencies.View source
The page states (B)-linked pricing and that expected yield depends on forward premium.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features — Rate of Interest / Expected Yields
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilityNon-resident Indians funding from an existing NRE/FCNR account or permitted fresh inward remittance through normal banking channels.View source
The official states eligibility and permitted funding routes.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Eligibility / Funding
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
RepatriationThe FCLRD maturity amount is linked to a forward contract between the foreign currency and rupee; repatriation is governed by the selected NRE/FCNR funding route and the forward-contract terms, not a separate freely repatriable savings balance.View source
The official page describes a rupee deposit linked to foreign currency with a forward contract on maturity; the applicable / route governs repatriation.
Source
Foreign Currency Linked Rupee Deposits (FCLRD) Scheme
Page / section
Features / maturity and forward contract
Accessed
29 Aug 2026
Confidence
high
Open official source ↗

Eligibility

  • Non-resident Indians funding from an existing / account or permitted fresh inward remittance through normal banking channels.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

Bank of Baroda NRI account product pages and deposit termsofficial-product-pages · current · accessed 29 Aug 2026
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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,700two thousand seven hundred rupees
Balance including interest₹1,02,700one lakh two thousand seven hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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