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Foreign Currency Non Resident B Term Deposit

deposit by Bank of Baroda is an ideal deposit plan as it offers easy liquidity & convertibility with no income tax liability on interest earned. Invest in deposit scheme now!

Account typeFCNR(B) foreign-currency term deposit with principal and interest fully repatriable in foreign currency.Interest rateCurrent FCNR(B) rates effective 13 July 2026: USD 5.00% for 1–2 years, 3.55% for 2–3 years, 3.35% for 3–4 years, 2.95% for 4–5 years and 3.05% for 5 years; GBP/EUR/AUD/CAD rates vary by the published currency table.RepatriationPrincipal and interest can be repatriated in the designated foreign currency; interest is tax-free in India under the product description.
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Quick eligibility check

Foreign Currency Non Resident B Term Deposit

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: NRIs and persons of Indian origin resident abroad, funding deposits through permitted inward remittances, SWIFT, foreign-currency instruments or transfers from qualifying NRE/FCNR accounts?

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 typeFCNR(B) foreign-currency term deposit with principal and interest fully repatriable in foreign currency.View source
The official page states that maturity proceeds are fully repatriable in designated foreign currencies.
Source
Foreign Currency Non Resident B Term Deposit
Page / section
Overview / Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
CurrencyUSD, GBP, EUR, AUD and CAD.View source
The official product description names Dollar, Sterling Pound, Euro, Australian Dollar and Canadian Dollar deposits.
Source
Foreign Currency Non Resident B Term Deposit
Page / section
Overview
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Tenure12 months to 5 years; no interest is payable before 12 months.View source
The official terms require a minimum 12-month deposit and permit terms up to five years.
Source
Foreign Currency Non Resident B Term Deposit
Page / section
— Deposit period
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Interest rateCurrent FCNR(B) rates effective 13 July 2026: USD 5.00% for 1–2 years, 3.55% for 2–3 years, 3.35% for 3–4 years, 2.95% for 4–5 years and 3.05% for 5 years; GBP/EUR/AUD/CAD rates vary by the published currency table.Effective 13 Jul 2026View source
The official rate page publishes the effective date and currency/tenure table; the bands are transcribed above.
Source
(B) current rate schedule
Page / section
(B) deposits effective 13 July 2026
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
RepatriationPrincipal and interest can be repatriated in the designated foreign currency; interest is tax-free in India under the product description.View source
The product page states full repatriability and no income-tax liability on interest earned.
Source
Foreign Currency Non Resident B Term Deposit
Page / section
Overview / Benefits
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilityNRIs and persons of Indian origin resident abroad, funding deposits through permitted inward remittances, SWIFT, foreign-currency instruments or transfers from qualifying NRE/FCNR accounts.View source
The official terms list / eligibility and permitted funding routes; local rupee cheques and cash cannot be deposited.
Source
Foreign Currency Non Resident B Term Deposit
Page / section
— Eligibility and funding
Accessed
21 Aug 2026
Confidence
high
Open official source ↗

Eligibility

  • and persons of Indian origin resident abroad, funding deposits through permitted inward remittances, , foreign-currency instruments or transfers from qualifying / accounts.

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₹5,000five thousand rupees
Balance including interest₹1,05,000one lakh five thousand 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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