This article offers a brief summary of the key aspects of the CSB Bank’s FCNR(B) Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
CSB Bank – FCNR(B) Deposit Features:
- The Foreign Currency Deposit Scheme (USD, GBP, EUR, JPY, CAD & AUD)
- Type: Exclusive for Term Deposits
- Duration: From a minimum of 12 months to a maximum of 60 months
- Accepted Currencies: USD/GBP/EUR/JPY/CAD/AUD (Conversion between designated currencies allowed)
- Sources: Overseas funds/NRE accounts/other FCNR deposits Returns from investments of repatriable nature
- Principal and interest fully repatriable without constraints, anytime Exempt from Income Tax, Wealth Tax, and Gift Tax Deposits offered as fixed deposit (FCNR-FD) or reinvestment (FCNR-FWD), NRE Plus (FCNR (B) FD for 366 days, 36 months, and 60 months)
- Loans available in India for up to 80% of deposits at prevailing exchange rates.
How to invest?
Click here to invest in the CSB Bank’s FCNR(B) Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.