Foreign Currency Term Deposit
Features
Offered in USD, EUR, GBP & AUD etc.
Deposits are offered with fixed and floating interest rates. Floating rates are linked to benchmarks – SOFR/SONIA/EURIBOR.
TDS will not be deducted for the Interest earned.
Minimum deposit amount is USD 1,000 equivalent for Fixed Deposit and USD 10,000 equivalent for Floating Deposit.
Minimum tenor of 7 days for Fixed Deposit and 1 year for Floating Deposit.
Maximum tenor of 5 years for Fixed Deposit and 3 years for Floating Deposit.
How to open an account?
Who can Apply
- Non Resident Indian including Persons of Indian Origin (PIO) & Overseas Citizens of India (OCI)
- Foreign Nationals other than NRIs
How to Apply
- Opening Term Deposit Account is very easy.
- For opening account, please contact IBU GIFT City at retail.ibu@federalbank.co.in or contact us at +91-79-68132303.
- You can also contact your home branch, your Priority Relationship Manager or IBU GIFT City.
Interest Rates & Service Charges
- For Interest rates, please visit Interest Rates page.
- For Service charges, please visit Fees & Charges page.