Foreign Currency Term Deposit



Offered in USD, EUR, GBP & AUD etc.
Deposits are offered with fixed and floating interest rates. Floating rates are linked to benchmarks – SOFR/SONIA/EURIBOR.
TDS will not be deducted for the Interest earned.
Minimum deposit amount is USD 1,000 equivalent for Fixed Deposit and USD 10,000 equivalent for Floating Deposit.
Minimum tenor of 7 days for Fixed Deposit and 1 year for Floating Deposit.
Maximum tenor of 5 years for Fixed Deposit and 3 years for Floating Deposit.

How to open an account?

Who can Apply

  • Non Resident Indian including Persons of Indian Origin (PIO) & Overseas Citizens of India (OCI)
  • Foreign Nationals other than NRIs  

How to Apply

  • Opening Term Deposit Account is very easy.
  • For opening account, please contact IBU GIFT City at or contact us at +91-79-68132303.
  • You can also contact your home branch, your Priority Relationship Manager or IBU GIFT City.

Interest Rates & Service Charges