{"id":180869,"date":"2026-08-03T12:42:07","date_gmt":"2026-08-03T07:12:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=180869"},"modified":"2026-08-03T12:42:08","modified_gmt":"2026-08-03T07:12:08","slug":"hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/","title":{"rendered":"HDFC Bank, ICICI Bank Raise FCNR Deposit Rates to 6.25% Under RBI Window"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>HDFC Bank and ICICI Bank raise FCNR deposit rates to 6.25% under a special RBI window aimed at boosting foreign exchange reserves and overseas capital inflows.<\/em><\/p>\n<p><a href=\"https:\/\/univest.in\/stocks\/hdfcbank\/hdfc-bank-ltd-share-price-today\">HDFC Bank<\/a> and <a href=\"https:\/\/univest.in\/stocks\/icicibank\/icici-bank-ltd-share-price-today\">ICICI Bank<\/a> have raised their FCNR deposit rates to 6.25%, taking advantage of a special window rolled out by the Reserve Bank of India that is designed to strengthen the country&#8217;s foreign exchange reserves and encourage greater overseas capital inflows from non-resident Indians.<\/p>\n<p>Foreign Currency Non-Resident, or FCNR, deposits allow NRIs to hold fixed deposits in foreign currencies such as the US dollar, and the interest earned is not subject to Indian income tax, making higher FCNR rates an attractive proposition for NRI investors looking to park foreign currency savings in Indian banks.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=fcnr-deposit-rates-hdfc-icici\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#What_Changed_in_FCNR_deposit_rates\" title=\"What Changed in FCNR deposit rates\">What Changed in FCNR deposit rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Why_the_RBI_Rolled_Out_This_FCNR_deposit_rates_Window\" title=\"Why the RBI Rolled Out This FCNR deposit rates Window\">Why the RBI Rolled Out This FCNR deposit rates Window<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#What_This_Means_for_NRI_Depositors_and_Investors\" title=\"What This Means for NRI Depositors and Investors\">What This Means for NRI Depositors and Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Frequently_Asked_Questions_on_Fcnr_deposit_rates\" title=\"Frequently Asked Questions on Fcnr deposit rates\">Frequently Asked Questions on Fcnr deposit rates<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#What_are_the_new_FCNR_deposit_rates_at_HDFC_Bank_and_ICICI_Bank\" title=\"What are the new FCNR deposit rates at HDFC Bank and ICICI Bank?\">What are the new FCNR deposit rates at HDFC Bank and ICICI Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Why_did_the_RBI_roll_out_this_special_window\" title=\"Why did the RBI roll out this special window?\">Why did the RBI roll out this special window?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#What_is_an_FCNR_deposit\" title=\"What is an FCNR deposit?\">What is an FCNR deposit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Who_benefits_from_higher_FCNR_rates\" title=\"Who benefits from higher FCNR rates?\">Who benefits from higher FCNR rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Should_I_move_my_deposits_based_on_this_FCNR_deposit_rates_change\" title=\"Should I move my deposits based on this FCNR deposit rates change?\">Should I move my deposits based on this FCNR deposit rates change?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-icici-bank-fcnr-deposit-rates-6-25-percent-3-august-2026\/#Where_can_I_track_banking_sector_news_live\" title=\"Where can I track banking sector news live?\">Where can I track banking sector news live?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Changed_in_FCNR_deposit_rates\"><\/span><strong>What Changed in FCNR deposit rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Bank<\/th>\n<th>New FCNR Rate<\/th>\n<th>Trigger<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/hdfcbank\/hdfc-bank-ltd-share-price-today\">HDFC Bank<\/a><\/td>\n<td>6.25%<\/td>\n<td>RBI special window<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/icicibank\/icici-bank-ltd-share-price-today\">ICICI Bank<\/a><\/td>\n<td>6.25%<\/td>\n<td>RBI special window<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_RBI_Rolled_Out_This_FCNR_deposit_rates_Window\"><\/span><strong>Why the RBI Rolled Out This FCNR deposit rates Window<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for banking sector stocks<\/strong><\/a><\/p>\n<p>The Reserve Bank of India periodically opens special windows allowing banks to offer more attractive rates on foreign currency deposits when it wants to encourage higher capital inflows, typically during periods when strengthening forex reserves or supporting the rupee is a policy priority. Higher FCNR rates make it more attractive for non-resident Indians to move foreign currency savings into Indian bank deposits rather than keeping them abroad.<\/p>\n<p>Both HDFC Bank and ICICI Bank, India&#8217;s two largest private sector lenders by market capitalisation, moving in tandem to raise FCNR deposit rates reflects the scale of the opportunity these banks see in attracting NRI deposits under the RBI&#8217;s revised window.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_This_Means_for_NRI_Depositors_and_Investors\"><\/span><strong>What This Means for NRI Depositors and Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track banking sector stocks and interest rate news.<\/em><\/p>\n<p>For NRI depositors, the higher FCNR deposit rates translate into better tax-free returns on foreign currency fixed deposits parked with Indian banks. For investors in banking stocks, higher-cost deposit mobilisation needs to be weighed against the benefit of a larger low-risk foreign currency deposit base, and the net effect on margins will depend on how banks deploy this additional liquidity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HDFC Bank and ICICI Bank have raised FCNR deposit rates to 6.25% under a special RBI window intended to strengthen forex reserves and boost NRI capital inflows. Investors and NRI depositors should track further rate movements and consult a SEBI-registered financial advisor or bank representative before making any deposit or investment decision.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Fcnr_deposit_rates\"><\/span><strong>Frequently Asked Questions on Fcnr deposit rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_new_FCNR_deposit_rates_at_HDFC_Bank_and_ICICI_Bank\"><\/span><strong>What are the new FCNR deposit rates at HDFC Bank and ICICI Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both HDFC Bank and ICICI Bank have raised their FCNR deposit rates to 6.25% under a special RBI window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_RBI_roll_out_this_special_window\"><\/span><strong>Why did the RBI roll out this special window?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The RBI introduced the window to help strengthen the country&#8217;s foreign exchange reserves and boost overseas capital inflows from non-resident Indians.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_an_FCNR_deposit\"><\/span><strong>What is an FCNR deposit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> An FCNR, or Foreign Currency Non-Resident, deposit allows NRIs to hold fixed deposits in foreign currencies such as the US dollar, with interest earned exempt from Indian income tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_benefits_from_higher_FCNR_rates\"><\/span><strong>Who benefits from higher FCNR rates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Non-resident Indian depositors benefit from better tax-free returns on foreign currency fixed deposits parked with Indian banks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_move_my_deposits_based_on_this_FCNR_deposit_rates_change\"><\/span><strong>Should I move my deposits based on this FCNR deposit rates change?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Deposit and investment decisions should factor in individual financial goals and currency risk. Consult a SEBI-registered financial advisor or your bank before making decisions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_can_I_track_banking_sector_news_live\"><\/span><strong>Where can I track banking sector news live?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Banking sector stocks and interest rate news can be tracked live on the Univest platform alongside SEBI-registered research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the new FCNR deposit rates at HDFC Bank and ICICI Bank?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Both HDFC Bank and ICICI Bank have raised their FCNR deposit rates to 6.25% under a special RBI window.\"}},{\"@type\":\"Question\",\"name\":\"Why did the RBI roll out this special window?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The RBI introduced the window to help strengthen the country's foreign exchange reserves and boost overseas capital inflows from non-resident Indians.\"}},{\"@type\":\"Question\",\"name\":\"What is an FCNR deposit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"An FCNR, or Foreign Currency Non-Resident, deposit allows NRIs to hold fixed deposits in foreign currencies such as the US dollar, with interest earned exempt from Indian income tax.\"}},{\"@type\":\"Question\",\"name\":\"Who benefits from higher FCNR rates?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non-resident Indian depositors benefit from better tax-free returns on foreign currency fixed deposits parked with Indian banks.\"}},{\"@type\":\"Question\",\"name\":\"Should I move my deposits based on this FCNR deposit rates change?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Deposit and investment decisions should factor in individual financial goals and currency risk. Consult a SEBI-registered financial advisor or your bank before making decisions.\"}},{\"@type\":\"Question\",\"name\":\"Where can I track banking sector news live?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Banking sector stocks and interest rate news can be tracked live on the Univest platform alongside SEBI-registered research.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Bank and ICICI Bank have raised FCNR deposit rates to 6.25% under an RBI special window aimed at strengthening India&#8217;s foreign exchange reserves and boosting 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