Federal Bank has launched a new variant of its FCNR (B) deposit product called the "FCNR Max Deposit Scheme". The launch was officially announced on June 11, 2026.
The product is specifically designed for Non-Resident Indian (NRI) customers and is being offered in the domestic market. The disclosure explicitly states that the product is not being launched internationally (NA for countries in which the product is launched in case of international).
The communication was digitally signed by Samir Pravinchandra Rajdev, Company Secretary of The Federal Bank Limited, on June 11, 2026, at 20:12:20 IST.