Are FCNR deposits tax-free?

Yes, interest earned on FCNR deposits is fully exempt from income tax in India for NRIs.

What is the tenure for FCNR deposits?

FCNR deposits can be opened for a period ranging from 1 year to 5 years.

FCNR Deposit CalculatorFY 2026-27

Foreign Currency Non-Resident deposit compounding in USD/GBP/EUR safely without forex risk.

Quick Summary: FCNR Deposit Calculator

FCNR (Foreign Currency Non-Resident) deposits allow NRIs to keep funds in foreign currency (USD, GBP, EUR, etc.) in Indian banks. The interest is 100% tax-free in India and there is ZERO currency risk because you earn and withdraw in the same foreign currency.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.