{"id":1697,"date":"2026-06-12T06:57:18","date_gmt":"2026-06-12T01:27:18","guid":{"rendered":"https:\/\/theindianview.in\/en\/?p=1697"},"modified":"2026-06-12T06:57:19","modified_gmt":"2026-06-12T01:27:19","slug":"bank-of-baroda-launches-new-fcnr-b-deposit-scheme-for-nris","status":"publish","type":"post","link":"https:\/\/theindianview.in\/en\/bank-of-baroda-launches-new-fcnr-b-deposit-scheme-for-nris\/","title":{"rendered":"Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs"},"content":{"rendered":"\n<p><strong>New Delhi ( Pallavi Srivastava) : <\/strong>Bank of Baroda has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), in line with the recent measures announced by the Reserve Bank of India to encourage foreign currency inflows into the country.<\/p>\n\n\n\n<p>The new scheme is applicable from June 11, 2026. Under the scheme, the bank is offering higher interest rates for deposits in the 3 to 5 year maturity bucket across major foreign currencies including the US Dollar (USD), British Pound Sterling (GBP), Euro, Australian Dollar (AUD) and Canadian Dollar (CAD).<\/p>\n\n\n\n<p>Customers can now earn up to 6% on USD deposits, 4.75% on GBP and AUD deposits, 5.15% on CAD deposits and 3.75% on Euro deposits, a release from the bank said on Thursday.<\/p>\n\n\n\n<p>Beena Vaheed, Executive Director of the bank said, \u201cThe RBI\u2019s recent measures to encourage foreign currency inflows into the banking system have created an enabling environment for banks to strengthen their FCNR (B) offerings for the NRI community. The move is a well-calibrated and multi-pronged measure aimed at attracting FCNR(B) deposits and strengthening the Indian Rupee. As India\u2019s international bank with a significant presence across multiple countries, the bank is well positioned to capitalise on this opportunity and maximise FCNR(B) deposit mobilisation.\u201d<\/p>\n\n\n\n<p>RBI\u2019s measures to encourage foreign currency inflows are expected to strengthen the country\u2019s external sector and augment foreign exchange reserves, contributing to overall macroeconomic stability, the bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi ( Pallavi Srivastava) : Bank of Baroda has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), in line with the recent measures announced by the Reserve Bank of India to encourage foreign currency inflows into the country. The new scheme is applicable from &hellip;<\/p>\n","protected":false},"author":2,"featured_media":1698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs - The Indian View - English News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theindianview.in\/en\/bank-of-baroda-launches-new-fcnr-b-deposit-scheme-for-nris\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs - The Indian View - English News\" \/>\n<meta property=\"og:description\" content=\"New Delhi ( Pallavi Srivastava) : Bank of Baroda has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), in line with the recent measures announced by the Reserve Bank of India to encourage foreign currency inflows into the country. 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