Foreign Currency Non-Resident Deposit Accounts

FCNR (B) (Principal/Interest Repatriable)

The account can be opened by Individual NRIs, jointly with another NRI, Foreign Nationals of Indian origin and OCBs. These accounts are of term deposit nature available in fixed terms of 1 year to 5 years period. Presently the deposits are accepted in 5 major currencies viz the US Dollar, EURO, Great Britain pounds, Japanese Yen and AUD.

The maturity proceeds are totally repatriable.

The account opening application form can be downloaded from our website and is also available at our NRI desks at Bahrain / Kuwait / Dubai / Mumbai / Hyderabad / Aluva & New Delhi. The completed form alongwith the support documents as listed here under may submitted at any of our counters.

The accounts can be opened by remittances from abroad or by transfer of funds from the existing NRE/FCNR accounts. It can also be opened by tendering Foreign currency or Travellers cheque during the temporary visit to India.


  • Specific request on forward cover upto the maturity of the deposit can be made to us to mitigate the risk of foreign currency fluctuations.
  • Freely repatriable.
  • Loans / overdraft can be availed by the depositor against pledge of this deposit.

Premature Closure Conditions:

Effective(6th-Sep-2013) Upto 3 Years 3 Years and Above
Deposit prematurely withdrawn within 1 year No Interest Payable if prematurely withdrawn within a year No Withdrawal is permitted within 1 Year
Penalty (Deductible from the proceeds) 1% 1% in case withdrawn after 1 year.
Swap Cost in case of premature withdrawal. Applicable only for deposits over USD.30,000/- Applicable on all deposits irrespective of amount of deposit. Shall be recovered from the proceeds.
Other Condition
Auto Rollover Available Not Available


  • Nomination facility available for bank deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the prescribed form.
  • For more details Contact BBK Branches.


  • Non-Resident Indians (sole or jointly with another Non-resident / Resident Indian).


Along with the account opening form application, self attested copies of following be forwarded to complete the formalities as per the central bank ( viz Reserve Bank of India ) Know your customer guidelines:

  • PAN Card.
  • Valid Passport ( Copies of pages having the photograph. Siganature, Address, Date of birth, Visa endorsement and place of issue and expiry ).
  • Original Letter from Employer certifying the residential address of applicant. Signature of the employee has to be attested on the letter.
  • Employee Identity Card.

Note : Mandatory to provide Permanent address and telephone number.


Copyright © 2014, BBK. All Rights Reserved Disclaimer