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Home Co-op News Snippets

Saraswat Bank Promotes FCNR(B) Deposits for NRI

Staff Reporter by Staff Reporter
June 19, 2026
in Co-op News Snippets
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Saraswat Bank Promotes FCNR(B) Deposits for NRI
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Saraswat Co-operative Bank has launched a promotional campaign encouraging customers to invest in its Foreign Currency Non-Resident [FCNR(B)] Deposit Scheme, highlighting higher returns and attractive interest rates on foreign currency deposits.

In a social media post, the bank said the scheme offers Non-Resident Indians (NRIs) an opportunity to grow their savings through a safe and convenient investment option while earning competitive returns on foreign currency holdings.

According to the bank, the FCNR(B) deposit scheme is designed to help depositors benefit from attractive interest rates while maintaining funds in designated foreign currencies. The bank emphasized the security and convenience of the product, making it a suitable option for overseas Indians seeking stable returns on their deposits.

Saraswat Bank also announced that the special offer under the scheme will remain valid until September 30, 2026, urging eligible customers to take advantage of the limited-period opportunity.

The campaign forms part of the bank’s efforts to strengthen its NRI banking portfolio and attract foreign currency deposits through customer-focused financial products.

Tags: BreakingDeposit SchemeFCNRnrisaraswat bank
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