FCNR(B) deposits: IDFC FIRST, IndusInd offer 6.75%; top PSU banks offer 6.60% as RBI forex window nears closure

FCNR(B) deposit rates have risen sharply after the RBI introduced support for 3-5-year foreign currency deposits, with some banks now offering up to 6.75% on US dollar deposits. IDFC FIRST Bank and IndusInd Bank offer the highest rate among the banks tracked, while Central Bank of India and PNB lead PSU banks at 6.60%.