Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit typeForeign Currency Non-Resident (Bank) term deposit or special term deposit
Source 1Available currenciesUSD, GBP, EUR, CAD, JPY and AUD
Source 2Available tenorsMinimum 1 year; maximum 5 years
Source 3Published currency ratesRates effective 15 Jul 2026 by tenor (USD/
Source 4Holder modeIndividual or joint with other NRIs, PIOs or OCIs; a close resident relative may be included on SBI's former-or-survivor basis
Source 5Residential-status eligibilityPermitted for NRIs, PIOs and OCIs; not permitted for foreign nationals employed in India, foreign students in India or short-visit foreign tourists
Source 6Published funding routesFresh overseas remittance, transfer from another NRE or FCNR(B) account, or transfer from an NRO account subject to the applicable limit
Source 7Published tax treatmentInterest is stated as exempt from Indian income tax while qualifying as non-resident; tax may apply after relocation depending on tax status
Source 8Premature withdrawalBefore 1 year: no interest; after 1 year: no penalty, with the lowest of the contracted rate, original rate for the actual run period, or current rate for that periodEffective 15 Jul 2026
Source 9Loan facilityForeign-currency and rupee loans are available against the FCNR(B) deposit
Source 10Benefits and features
- Principal and interest are payable in the deposit currency, limiting exchange exposure on those amounts
- Six published deposit currencies and tenors from one to five years
- Foreign-currency and rupee loan facilities against the deposit
Eligibility
- The official eligibility table permits FCNR(B) accounts for NRIs, PIOs and OCIs.
- A close resident relative may be the second holder only on the stated former-or-survivor basis, with the non-resident as first holder.
- The account is not permitted for the foreign-national categories marked ineligible in SBI's reviewed table.
Passing a listed condition does not mean the bank will approve an application.
