Federal Bank launches FCNR Max Deposit Scheme for NRI customers
Federal Bank launched the FCNR Max Deposit Scheme on June 11, 2026, for NRI customers under the FCNR (B) deposit category. The disclosure was made under Regulation 30 of the SEBI LODR Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Federal Bank launched the FCNR Max Deposit Scheme on June 11, 2026, expanding its offerings for Non-Resident Indian (NRI) customers under the FCNR (B) deposit category. The new product aims to provide enhanced deposit options to the NRI segment. The bank disclosed the launch to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The scheme is specifically designed for the international market, catering exclusively to NRI customers. The product details were submitted in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Product Details
The following table outlines the key specifications of the newly launched deposit scheme:
| Sl. No. | Name of the product(s) | Date of launch | Category of the product | Whether caters to domestic/ international market | Name of the countries in which the product is launched (in case of international) |
|---|---|---|---|---|---|
| 1. | FCNR Max Deposit Scheme | 11.06.2026 | FCNR (B) Deposit | For NRI customers | NA |
The filing was signed by Samir Pravinchandra Rajdev, Company Secretary of Federal Bank.
Historical Stock Returns for Federal Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +5.20% | +7.95% | +21.00% | +51.69% | +266.88% |
How will the FCNR Max Deposit Scheme impact Federal Bank's NRI deposit market share compared to competitors?
What interest rate trends are expected for FCNR deposits following this launch?
Could this scheme lead to similar product offerings by other banks targeting NRI customers?
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