Skip to content
bankingreference.infoIndependent banking product research for India
Compare
Browse
Explore the researchBanking systems, decision tools and evidence standards.
Product finder
Opens in a new tab.
Axis BankFixed deposit

Axis Bank FCNR(B) Deposit

Axis Bank's FCNR(B) deposit supports six foreign currencies for 1-to-5-year terms with full repatriability and current currency-specific FCNR pricing.

First-party evidencePublished researchReviewed September 10, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Current rate evidenceAxis’s public rate hub states FCNR/RFC rates are effective from 4 September 2026; the engine keeps the currency table refresh-gated instead of copying an incomplete public snippet.
Currency / amount / tenureFCNR is available as a term deposit for 1 to 5 years in USD, GBP, EUR, JPY, AUD and CAD.
Premature withdrawal / liquidityNo interest is paid if closed before one year. Axis publishes currency-specific thresholds under which individual FCNR deposits can avoid a premature penalty; above those thresholds a penalty can apply.
Deposit-state / funding ruleNRO funds cannot be used to create NRE/FCNR deposits; the selected currency/tenure and current treasury rate determine the contract.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 10, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: October 10, 2026.

Critical decision facts

Rate, tenure, liquidity and booking conditions belong together.

A headline deposit rate is incomplete without the dated schedule, tenure band, customer category and premature-withdrawal rules.

01 · Current rate evidenceAxis’s public rate hub states FCNR/RFC rates are effective from 4 September 2026; the engine keeps the currency table refresh-gated instead of copying an incomplete public snippet.
02 · Currency / amount / tenureFCNR is available as a term deposit for 1 to 5 years in USD, GBP, EUR, JPY, AUD and CAD.
03 · Premature withdrawal / liquidityNo interest is paid if closed before one year. Axis publishes currency-specific thresholds under which individual FCNR deposits can avoid a premature penalty; above those thresholds a penalty can apply.
04 · Deposit-state / funding ruleNRO funds cannot be used to create NRE/FCNR deposits; the selected currency/tenure and current treasury rate determine the contract.
Exact product-type evidence

Fixed deposit evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Rate history

Dated deposit-rate snapshots.

Effective-date evidence is preserved instead of silently replacing an older rate when a bank reprices new deposits.

Observed September 14, 2026
Axis FCNR/RFC schedule effective 4 Sep 2026; currency-specific rate table is refresh-gated until the complete first-party table is captured.

Axis FCNR(B) product page plus current rate-hub effective date; no incomplete currency table normalized.

Browse deposit rate history
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Current rate evidenceAxis’s public rate hub states FCNR/RFC rates are effective from 4 September 2026; the engine keeps the currency table refresh-gated instead of copying an incomplete public snippet.
Currency / amount / tenureFCNR is available as a term deposit for 1 to 5 years in USD, GBP, EUR, JPY, AUD and CAD.
Tax / repatriation / payoutPrincipal and interest are fully repatriable; interest is tax-exempt in India under current FCNR treatment; interest on terms over one year is compounded at 180-day intervals.
Premature withdrawal / liquidityNo interest is paid if closed before one year. Axis publishes currency-specific thresholds under which individual FCNR deposits can avoid a premature penalty; above those thresholds a penalty can apply.
NRI / PIO / OCI eligibilityEligible NRI/PIO/OCI customers under Axis FCNR/KYC rules.
Deposit-state / funding ruleNRO funds cannot be used to create NRE/FCNR deposits; the selected currency/tenure and current treasury rate determine the contract.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Axis NRI customers who want to keep eligible overseas funds in USD, GBP, EUR, JPY, AUD or CAD rather than convert into INR.

Verify before relying
  • The current rate hub confirms a fresh FCNR/RFC effective date but does not expose the full currency table in the public snippet used by the engine, so no rates are guessed.
  • Currency-specific premature thresholds differ materially.
  • No interest before one year.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

Browse banking comparisons
First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.axis.bank.in
Open source ↗02
Additional first-party evidencewww.axis.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.