Kolkata, June 19, 2026: Bandhan Bank today announced an attractive FCNR (B) deposit offering for its NRI customers, providing a compelling opportunity to invest in USD-linked deposits over a medium to long-term horizon. The Bank is offering 7.1% interest rate on USD 1 million and above FCNR (B) deposits for tenures ranging from 3 to 5 years. Interest rate for up to USD 1million has been increased to 7%.
This initiative is expected to help NRI customers secure stable and competitive returns over a longer tenure, while also mitigating exposure to potential exchange rate fluctuations, particularly in the event of rupee depreciation.
Commenting on the offer, Rajinder Kumar Babbar, Executive Director & Chief Business Officer, Bandhan Bank, said, “We are pleased to introduce this attractive FCNR (B) deposit offering for our NRI customers at a time when they are seeking stability and value in their overseas investments. This offering allows them to lock in competitive returns for a longer duration while effectively mitigating currency-related risks. At Bandhan Bank, we remain committed to delivering tailored solutions that meet the evolving financial needs of our global customer base.”
The offering follows the Reserve Bank of India’s introduction of a US Dollar–Rupee Forex Swap Facility for banks on fresh FCNR (B) deposits mobilised for a minimum tenor of three years and up to five years. This regulatory measure is aimed at encouraging foreign currency inflows into the banking system.
Bandhan Bank, with a network of nearly 2000 bank branches across the country, is extending this limited-period offer to NRIs, inviting them to open non-resident accounts at any of its branches and benefit from the current favourable deposit rates.
About Bandhan Bank:
Started as a universal bank on August 23, 2015, Bandhan Bank is one of India’s fastest-growing private sector banks.
Bandhan Bank has always been committed to financial inclusion and aims to serve the underserved. Guided by the principle of ‘Aapka Bhala, Sabki Bhalai,’ the Bank is dedicated not only to serving its customers but also to making a positive difference in people’s lives. The Bank actively aims to bridge the gap for those who may not have had easy access to conventional banking services. Its focus is on providing a variety of world-class banking products and a comprehensive 360-degree service proposition, including loans, deposit accounts, internet and mobile banking and a host of products across India, primarily to semi-urban and rural customers.
In the last few years of operations, Bandhan Bank has spread its presence to 35 of the 36 states and union territories in India with more than 6,350 banking outlets. With the trust of nearly 3.2 crore customers. Bandhan Bank has a deposit base of Rs.1.66 lakh crores as of March 31, 2026. Bandhan Bank has achieved consistent growth and its advances stood at over Rs.1.54 lakh crore as of March 31, 2026.
