Mumbai, 2 July 2026: DBS Bank India has revised the interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits for Non-Resident Indians (NRIs), in line with the Reserve Bank of India’s (RBI) recent announcement. The new rates are effective from 1 July 2026.
The bank will now offer up to 5.6% per annum* on USD FCNR(B) deposits for tenures ranging from three to five years. This provides NRIs with an opportunity to earn attractive returns while maintaining their savings in a foreign currency. Deposits are fully repatriable, with both principal and interest payable in the designated foreign currency, thereby reducing exposure to exchange-rate fluctuations at maturity.
DBS Bank India differentiates itself through DBS Treasures, its NRI banking and wealth management proposition. It brings together a comprehensive suite of banking, wealth, and investment solutions for seamless financial management across geographies, alongside its enhanced FCNR(B) offering.
Eligible NRIs can also benefit from seamless digital onboarding, enabling them to open accounts from overseas with ease, including for FCNR(B) deposits. By taking a holistic view of clients’ financial needs, DBS Bank India delivers integrated banking, investment and financing solutions that help them manage remittances, grow their investments and plan for long-term wealth creation.
Key features of DBS Bank India FCNR(B) deposits:
- Earn up to 5.6%* per annum on USD deposits.
- Available for flexible tenures ranging from three to five years.
- Principal and interest payable in foreign currency.
- Fully repatriable, enabling the seamless movement of funds.
- Reduced exposure to exchange-rate fluctuations at maturity.
DBS has been named Asia’s Safest Bank for 17 consecutive years by Global Finance (2009–2025), and the bank’s AA- and Aa1 credit ratings are among the highest in the world. DBS Bank India combines the strength of a leading Asian bank with a comprehensive suite of solutions tailored to the needs of NRI customers.
DBS was recently recognised at the Euromoney Private Banking Awards 2026, where it was named the World’s Best Private Bank and the World’s Safest Private Bank, reinforcing the Group’s position as a trusted partner for clients seeking to protect and grow their wealth.
*Mandatory lock-in period of one year, during which premature withdrawals are not permitted.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.
Recognized for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney, and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025. DBS Bank India was recognized by CRISIL – Coalition Greenwich as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India in 2025. In the same year, Euromoney also named DBS Bank India the Best Digital Bank for SMEs in India. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
