Features & Benefits of FCNR(B) Premium Account

Get a combined benefit of a FCNR (B) deposit with Forward Cover, which results in the higher yield.

• FCNR (B) deposit tenor: 1 year and up to 5 years
• Forward contract tenor: 1 year and up to 5 years
• FCNR(B) deposit will be placed in 6 Currencies (USD,GBP,EUR,CAD,AUD & JPY)
• Minimum deposit:
  • 10,000 USD/GBP/EUR/CAD/AUD Currencies .
  • 1,000,000 JPY
• Forward contract can be booked for final return (Cross Currency) in INR, USD,GBP, EURO, CAD, AUD or JPY.
• No charges for booking forward contract.
• In case of cancellation of Forward Contract by the depositor, cancellation charges and exchnage loss if any, has to borne by the depositor at prevailing rate.
• If FCNR (B) deposit is closed before maturity, no penalty will be levied for premature withdrawal and applicable rate of interest will be as per terms and conditions governing FCNR (B) deposits.

•  To know more, please write to us at leads.nri@sbi.co.in