Compare Federal Bank NRE Fixed Deposit and Federal Bank FCNR(B) Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Federal Bank NRI customers who want an INR NRE term deposit with a clearly published current tenure ladder.
Federal Bank NRI customers who want foreign-currency term deposits and are prepared to compare the exact currency, amount band and whether a temporary/special scheme applies.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/federal-nre-fixed-deposit-vs-federal-fcnr-b-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Federal Bank NRE Fixed Deposit | Federal Bank FCNR(B) Deposit |
|---|---|---|
| Current rate evidence | For single deposits below ₹300 lakh effective 17 August 2026, the reviewed NRE schedule runs from 6.25% at 1 year to a 6.70% 48-month rate, with 6.40%–6.50% across surrounding bands. | Federal publishes a currency-specific FCNR(B) schedule effective 16 June 2026 and separate high-value/special pricing. Because some 3–5-year USD figures are tied to the temporary FCNR Max/RBI swap facility, the engine does not flatten them into an ordinary evergreen FCNR rate table. |
| Currency / amount / tenure | Minimum interest-earning tenure is 1 year; FedMobile terms state a ₹1,000 minimum for Cash Certificate/FD and a maximum term of 10 years, subject to channel/product eligibility. | FCNR(B) is available in multiple currencies including USD, GBP, EUR, JPY, CAD, AUD, CHF, NZD, SGD and HKD; ordinary tenure is 1 to 5 years under current FCNR rules. |
| Tax / repatriation / payout | Digital booking through eligible Federal channels, payout/reinvestment choices and NRE repatriation/tax treatment under current rules. | Principal and interest are fully repatriable and interest is tax-exempt in India while eligible NRI status continues; foreign-currency denomination avoids INR conversion of the deposit principal. |
| Premature withdrawal / liquidity | A 1% premature-closure penalty applies to NRE term deposits opened/renewed under the bank’s stated current rule; no NRI senior/staff additional benefit. | No interest is payable before one year. Special FCNR Max deposits under the current RBI-linked window can carry a mandatory one-year lock-in and separate penalty terms; ordinary/high-value amount bands also have separate treasury pricing. |
| NRI / PIO / OCI eligibility | Eligible Federal Bank NRE/NRI customers under current KYC and deposit-opening rules. | Eligible NRI customers under Federal Bank FCNR/KYC rules. |
| Deposit-state / funding rule | NRE term-deposit rules and rate table are maintained separately from resident/NRO and special non-callable Deposit Plus structures. | Rate selection requires currency + amount band + ordinary versus special-scheme status; the engine refuses to merge the temporary FCNR Max curve with ordinary FCNR pricing. |
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
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Reviewed September 10, 2026 · 2 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources