City Union Bank Increases FCNR(B) Deposit Rates to 7.10% for NRI Customers for 3-5 Year Terms

City Union Bank has significantly increased the interest rates on their Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, now offering 7.10% per annum for durations from 3 to 5 years.  

This adjustment, applicable to Non-Resident Indian (NRI) customers holding US dollar-denominated accounts, became effective on June 10, 2026. 

Key Details of the Revised FCNR(B) Deposit Rates 

The revised interest rate of 7.10% is now available for NRIs opting for FCNR(B) deposits in US dollars.  

These deposits provide flexible tenure options while maintaining both principal and interest in foreign currency.  

They are also fully repatriable, offering an attractive savings avenue for those looking to hold funds in foreign currency. 

Implementation and Customer Impact 

The new interest rate structure aims to appeal to NRI customers who are seeking efficient ways to manage and grow their savings overseas.  

The change reflects City Union Bank's strategic move to enhance customer offerings in the competitive financial service market. 

Read More: CSB Bank Adjusts FCNR(B) Deposit Rates Up to 7.05% for 3-5 Year Terms! 

City Union Bank Share Price Performance  

As of June 12, 2026, at 2:25 PM, City Union Bank share price on NSE was trading at ₹203.90 up by 5.87% from the previous closing price. 

Conclusion 

City Union Bank's increase of the FCNR(B) deposit rates to 7.10% effective June 10, 2026, for tenures from 3 to 5 years, offers NRIs improved interest returns on their US dollar-denominated deposits. 

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