Progress with us...
 
internet banking
Personal
Corporate
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
eDGE Loyalty Rewards
  • LOG IN

Deposits

Foreign Currency Non-Resident Deposit

Get assured returns from among any of 6 currencies of your choice for a tenure ranging from 1 year to 5 years

Renewability

The deposits can be renewed on maturity

6 Currency Options

Choices of currencies are USD, GBP, EURO, JPY, AUD and CAD

Flexible Tenure

1 to 5 years

Tax-Free Interest

Interest on accepted deposits paid on the basis of 360 days to a year

Download Forms

Eligibility and Documentation

Fees and Charges

Features and Benefits

Under this scheme, you can open Fixed Deposit Accounts in USD, GBP, EURO, JPY, AUD, and CAD.

Yes. You can transfer funds from your existing FCNR to open NRE/NRO Account.

As per the current guidelines, the entire deposit (principal and interest) is exempted from tax in India.

Yes. Nomination facility is available under FCNR Deposit.

Yes. You can avail of a loan against your FCNR Deposits in Rupees or in Foreign Currency. The loan/overdraft can be used for personal purposes or for carrying on business activities other than:

  • Relending
  • Agricultural/plantation activities
  • Real estate business

Yes. You can break your FCNR Deposit before the maturity period. FCNR Deposits will qualify for interest only if they have run for a 1 year period.

No. NRO funds cannot be used to create NRE/FCNR Deposit.

Download Forms

Download Forms

WHAT'S NEW ?

HealthOn-Inside-Pin-banner-1

SWITCH TO HEALTHIER YOU WITH A SIMPLE ADDITION TO YOUR SHOPPING CART

Apollo Munich's health insurance plan especially designed for you

KNOW MORE

Personal Loan Inner Pin Banner

Don't let money come in the way of your dream home

Axis bank personal loans with zero foreclosure and part prepayment

APPLY NOW

Online Rewards Inner Pin Banner

IT'S TIME TO MOVE ON FROM CASH ON DELIVERY

Introducing Online Rewards Debit Card.Get rewards on your online transactions

KNOW MORE

AFO-Portal_v09_263x169InsidePg_Pin

Send Money abroad using Axis Forex Online


Get ₹ 500/-* processing fees waived off & best exchange rates

KNOW MORE