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Loan Against (B) Deposits in Foreign Currency in India

This plan is ideal for non-resident Indians seeking loans in foreign currency in India against their own (B) Deposits. Visit us online to know more.

Interest rateHigher of (FCNR(B) deposit rate + 1.50% p.a.) or (six-month LIBOR + 1.50% p.a.); LIBOR is no longer published and BOB gives no replacement.Maximum financeUp to 95% of the present value of the FCNR(B) deposit.Maximum amountUp to 95% of the FCNR(B) deposit value; RBI allows foreign-currency loans without a separate ceiling, subject to usual margin.

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✓ 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.

BenchmarkFCNR(B) deposit rate or six-month LIBOR, whichever is higher; the published LIBOR basis has ceased and BOB gives no replacement.View source

publishes the higher of six-month + 1.50% p.a. or the (B) deposit rate + 1.50% p.a. The current deposit schedule is effective 13 July 2026. ICE records that settings ceased, including synthetic six-month after 30 September 2024; reviewed product page states no replacement benchmark.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Interest Rates & Charges; current (B) reference schedule cross-check; cessation status
Accessed: 23 Sept 2026
Confidence: high

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Maximum financeUp to 95% of the present value of the FCNR(B) deposit.View source

The page permits finance up to 95% of the (B) deposit's present value and separately publishes a 5% margin.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Benefits; Terms and Conditions — Margin
Accessed: 23 Sept 2026
Confidence: high

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Loan typeForeign-currency loan or overdraft in India against an FCNR(B) deposit.View source

The page describes a foreign-currency loan in India against the customer’s (B) deposit.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Overview; Benefits
Accessed: 23 Sept 2026
Confidence: high

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Interest rateHigher of (FCNR(B) deposit rate + 1.50% p.a.) or (six-month LIBOR + 1.50% p.a.); LIBOR is no longer published and BOB gives no replacement.View source

The page specifies 1.5% p.a. over six-month on the loan date or 1.50% over the (B) deposit rate, whichever is higher. ICE says all settings ceased, including synthetic six-month after 30 September 2024.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Interest Rates & Charges
Accessed: 23 Sept 2026
Confidence: medium

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Maximum amountUp to 95% of the FCNR(B) deposit value; RBI allows foreign-currency loans without a separate ceiling, subject to usual margin.View source

The page says up to 95% may be requested and foreign-currency loans to depositor/third party have no ceiling under guidelines, subject to usual margin.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Benefits; Margin
Accessed: 23 Sept 2026
Confidence: high

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Eligible borrowerDepositor or third-party borrower against an FCNR(B) fixed deposit in USD, GBP, EUR or YEN.View source

The page permits loans against (B) deposits in , , or YEN and says foreign-currency loans may be given to the depositor or a third party.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Overview; Benefits; Eligibility
Accessed: 23 Sept 2026
Confidence: high

Open official source ↗

Margin5% of the present value of the FCNR(B) deposit.View source

The page publishes a 5% margin of present deposit value.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Terms and Conditions — Margin
Accessed: 23 Sept 2026
Confidence: high

Open official source ↗

Interest servicingQuarterly: March, June, September and December. Two consecutive missed quarters can trigger premature deposit withdrawal to clear the outstanding loan.View source

Interest must be credited every quarter; on default for two consecutive quarters, the fixed deposit is prematurely withdrawn to liquidate the loan/overdraft outstanding.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Interest Rates & Charges
Accessed: 23 Sept 2026
Confidence: high

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RepaymentFor purposes other than investment in India: deposit adjustment or fresh inward remittance through normal banking channels.View source

The page gives deposit adjustment or fresh inward remittance from outside India through normal banking channels for purposes other than investment in India.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Eligibility
Accessed: 23 Sept 2026
Confidence: high

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ConvertibilityThe loan cannot be repatriated or credited to NRE or foreign-currency deposit accounts.View source

The page says the facility is not convertible/repatriable and cannot be credited to or foreign-currency deposit accounts.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page
Page / section: Terms and Conditions — Payment Scheme
Accessed: 23 Sept 2026
Confidence: high

Open official source ↗

Processing feeNilEffective 20 Jun 2019View source

The service-charge table row for LABOD/ODBOD states “Nil”; the adjacent documentation-charge schedule exempts advances against the Bank’s own deposits.

Source: Service Charges — Bank of Baroda official schedule
Page / section: LABOD/ODBOD row in the service-charge schedule
Accessed: 23 Sept 2026
Confidence: medium

Open official source ↗

Benefits and features

Foreign-currency loan or overdraft in India against an (B) fixed deposit.
Up to 95% of the present deposit value, with a 5% margin.
, , or YEN deposits may secure the facility; the depositor or a third party may borrow.
Interest is the higher of 1.50% p.a. above the deposit rate or 1.50% p.a. above six-month ; ceased publishing and the page gives no replacement.
Interest is serviced quarterly; two consecutive missed quarters can allow the Bank to liquidate the deposit.

Eligibility

Available against a Bank of Baroda (B) deposit in , , or YEN; a third-party borrower is permitted under the page’s stated conditions.

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

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine 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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableTerm

Eligible security · Published detail(B) fixed deposits in , , or YEN.

This value is copied from (B)-backed foreign-currency loan terms. Check the table notes before relying on it.

Source: Loan Against (B) Deposits in Foreign Currency in India — official product page · Benefits; Eligibility; Interest Rates & Charges; Terms and Conditions — Margin and Payment Scheme Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsFCNR(B)-backed foreign-currency loan termsRates, limits, servicing and restrictions published on BOB’s scheme page.View tableHide table

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FCNR(B)-backed foreign-currency loan terms
Term	Published detail
Eligible security	(B) fixed deposits in , , or YEN.
Maximum finance	Up to 95% of the deposit value; allows foreign-currency loans to depositor/third party without a separate ceiling, subject to margin.
Margin	5% of the present deposit value.
Interest formula	Higher of (B) deposit rate + 1.50% p.a. or six-month + 1.50% p.a.
Quarterly servicing	Interest is credited in March, June, September and December; two consecutive missed quarters can trigger premature deposit withdrawal to liquidate the balance.
Other repayment purposes	For purposes other than investment in India: deposit adjustment or fresh inward remittance through normal banking channels.
Deposit access and currency movement	No premature deposit withdrawal while the loan is availed; loan proceeds cannot be repatriated or credited to /foreign-currency deposit accounts.
Half-yearly payout	If the deposit has a half-yearly interest payout, the depositor must direct that payout only to the loan/overdraft account.

ICE reports all settings ceased; synthetic six-month stopped after 30 September 2024. current scheme page shows no replacement benchmark, so confirm current pricing with the Bank.
The deposit-rate schedule lists //// but no YEN row, while this product page permits YEN; applicability of the linked deposit-rate leg needs confirmation.

Loan Against (B) Deposits in Foreign Currency in India — official product page · Benefits; Eligibility; Interest Rates & Charges; Terms and Conditions — Margin and Payment Scheme · accessed 23 Sept 2026Open official source ↗

Table 2 · 5 rows · 9 columnsBOB FCNR(B) deposit interest ratesAnnual deposit rates from the schedule effective 13 July 2026. These are deposit rates, not a loan APR.View tableHide table

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BOB FCNR(B) deposit interest rates
Maturity period	< $0.2m	$0.2–1m	> $1–5m	> $5m
1 year to <2 years	5.00%	5.00%	5.00%	5.00%	4.25%	2.75%	3.75%	3.25%
2 years to <3 years	3.55%	3.55%	3.55%	3.55%	2.35%	1.50%	3.50%	3.00%
3 years to <4 years	3.35%	3.35%	3.35%	3.35%	2.45%	1.50%	3.00%	2.75%
4 years to <5 years	2.95%	2.95%	2.95%	2.95%	2.45%	1.50%	3.00%	2.80%
5 years	3.05%	3.05%	3.05%	3.05%	2.45%	1.50%	3.00%	2.85%

These are (B) deposit yields referenced by the loan formula, not the borrower’s loan rate.
The product page permits , , and YEN, but this schedule publishes , , , and ; no YEN row is shown.
Rates are subject to the Bank’s discretion; the page says the schedule applies to fresh and existing deposits renewed at maturity.

Foreign Currency Non-resident (-B) deposit interest rates · (B) deposits — maturity and currency rate table · effective 13 Jul 2026 · accessed 23 Sept 2026Open official source ↗

Table 3 · 2 rows · 3 columnsPublished LABOD/ODBOD chargesThe current BOB service-charge page includes a fee row for loans/overdrafts against the Bank’s own deposits.View tableHide table

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Published LABOD/ODBOD charges
Charge	Published amount	Published scope
Processing charge	Nil	LABOD/ODBOD row in the Bank’s service-charge schedule.
Documentation charge	Nil	The schedule says no documentation charge for LABOD/ against the Bank’s own deposits.

The live schedule carries an effective-date heading of 20 June 2019 and does not split out deposit variants. These products are secured by own deposits; recheck for a newer scheme-specific tariff before closing this batch.

Service Charges — Bank of Baroda official schedule · LABOD/ODBOD row; Documentation Charges — own-deposit exemption · effective 20 Jun 2019 · accessed 23 Sept 2026Open official source ↗

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Loan Against FCNR (B) Deposits in Foreign Currency in India

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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Loan Against (B) Deposits in Foreign Currency in India