PNB FCNR(B) Deposits Offer Interest Rates Up to 6.60% for NRIs
Punjab National Bank Announces Attractive Returns on FCNR(B) Deposits
New Delhi | June 19, 2026: Punjab National Bank (PNB), one of India’s leading public sector banks, has announced attractive interest rates on its PNB FCNR(B) Deposits. The revised rates allow Non-Resident Indians (NRIs) to earn competitive returns while keeping their savings in foreign currencies.
Higher Returns for NRI Investors
Under the PNB FCNR(B) Deposits scheme, customers can earn interest rates of up to 6.60% per annum on deposits with a tenure of up to five years. The scheme is available in major foreign currencies, including USD, GBP, EUR, CAD, and AUD.
As a result, NRIs can grow their overseas earnings while maintaining complete flexibility and repatriability.
Revised FCNR(B) Deposit Interest Rates
| Currency | Less than 1 Million | 1 Million and Above |
|---|---|---|
| USD | Up to 6.50% p.a. | Up to 6.60% p.a. |
| GBP | Up to 6.50% p.a. | Up to 6.60% p.a. |
| EUR | Up to 4.95% p.a. | Up to 5.05% p.a. |
| CAD | Up to 4.90% p.a. | Up to 5.00% p.a. |
| AUD | Up to 5.50% p.a. | Up to 5.60% p.a. |
Terms and conditions apply.
Key Benefits of PNB FCNR(B) Deposits
The PNB FCNR(B) Deposits scheme offers several advantages to NRI customers.
Full Repatriability
Both the principal amount and interest earned can be repatriated freely. Therefore, customers can transfer their funds abroad without restrictions.
Foreign Currency Protection
Since deposits remain in foreign currencies, customers can avoid exchange rate risks associated with converting funds into Indian rupees.
Stable and Secure Returns
PNB provides competitive interest rates, making FCNR(B) deposits a reliable option for long-term savings.
One-Year Lock-In Period Applies
The deposit scheme comes with a minimum lock-in period of one year. However, investors still benefit from attractive returns and flexible tenure options of up to five years.
Why NRIs Should Consider FCNR(B) Deposits
NRIs often look for safe investment avenues that offer steady growth. In this regard, FCNR(B) deposits provide a balance of security, flexibility, and attractive returns. Moreover, the ability to maintain savings in foreign currency adds another layer of convenience.
How to Get More Information
Customers seeking details about PNB FCNR(B) Deposits can contact the PNB NRI Cell in Delhi. They can also visit the official PNB website or write to the NRI Cell via email for assistance.
With interest rates reaching up to 6.60% per annum, PNB FCNR(B) Deposits offer an attractive investment opportunity for NRIs. The combination of competitive returns, full repatriability, and foreign currency savings makes the scheme a strong option for managing overseas earnings effectively.
