Federal Bank has launched FCNR Max, a new variant under its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit offerings for non-resident Indian (NRI) customers, as per an exchange filing dated June 11, 2026.
The product has been introduced as part of the bank's deposit portfolio for NRIs. The announcement was made under the applicable SEBI disclosure requirements.
According to the disclosure, FCNR Max falls under the FCNR(B) deposit category and has been introduced exclusively for NRI customers.
The filing classifies the product as catering to this customer segment and notes that no individual country has been specified for its launch.
It simply records the product as an NRI-focused deposit scheme under the bank's foreign currency deposit offerings.
The regulatory filing provides limited details beyond the launch announcement. It confirms the name of the scheme, its category and the launch date of 11 June 2026.
No information has been provided on deposit tenure, applicable interest rates, eligibility conditions, or other operational features of the product.
The bank informed both the National Stock Exchange of India and BSE about the product launch under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The filing also refers to the SEBI Master Circular dated 30 January 2026, which requires listed entities to disclose material developments such as new products and services.
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As of June 12, 2026, 1:05 pm, Federal Bank share price was trading at ₹315.75, up 1.94% from the previous closing price.
With the launch of FCNR Max, Federal Bank has added another FCNR(B) deposit option for NRI customers. The announcement has been made through a stock exchange filing, while further details regarding the scheme are yet to be disclosed in the regulatory communication.
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Published on: Jun 12, 2026, 3:39 PM IST
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