📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
Bandhan Bank Enhances Foreign Currency Deposit Options
✍️ TRIPURA STAR NEWS
🗓 21 Jun 2026, 04:02 AM
👁 30
Bandhan Bank has expanded its offerings for Foreign Currency Non-Resident (B) or FCNR (B) deposit products.
Bandhan Bank has announced an increase in its Foreign Currency Non-Resident (B) deposit offerings. This move by the private sector lender aims to attract more foreign currency deposits from non-resident Indians.
The FCNR (B) deposit scheme allows Non-Resident Indians (NRIs) to park their foreign earnings in India in the currency of their choice, such as US Dollars, Pounds Sterling, or Euros, without bearing foreign exchange risk.
This enhancement in deposit options is expected to provide NRIs with more attractive avenues for investing their funds while potentially benefiting the bank through increased foreign exchange reserves.
The FCNR (B) deposit scheme allows Non-Resident Indians (NRIs) to park their foreign earnings in India in the currency of their choice, such as US Dollars, Pounds Sterling, or Euros, without bearing foreign exchange risk.
This enhancement in deposit options is expected to provide NRIs with more attractive avenues for investing their funds while potentially benefiting the bank through increased foreign exchange reserves.