Foreign Currency
Non-Resident
Deposit (FCNR)
Eligibility

Axis Bank is offering the Foreign Currency Non-Resident deposit. With the FCNR you get assured returns on deposits booked for any of 6 currencies of your choice for a tenure ranging from 1 year to 5 years. Apply for the FCNR today to avail all the benefits of FCNR deposit.

6 Currency Options

Multiple Access Points

Flexible Tenure

Tax free Interest

Assured Returns

The following individuals are eligible to open Foreign Currency Non-Resident Account:


NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:

  • Employment, studies, business or vocation
  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
  • Indian nationals who may be Mariners or working on oil rigs or foreign registered airlines

PIO (Person of Indian origin)/ OCI (Overseas Citizen of India)
An individual holding a Foreign passport (other than Pakistani and Bangladeshi) who:

  • Has held an Indian passport at any point of time
  • Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
  • Is a spouse of an Indian Citizen or spouse of PIO

NRI Easy Guide




NRI Easy Guide

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