New Launch11 Jun 2026, 09:30 pm
Federal Bank Launches New FCNR Max Deposit Scheme
AI Summary
Federal Bank has announced the launch of a new variant of its FCNR (B) deposit, named the FCNR Max Deposit Scheme. This product is specifically designed for Non-Resident Indian (NRI) customers and was launched on June 11, 2026. The bank has complied with SEBI's LODR regulations by intimating this product launch. This initiative aims to cater to the banking and investment needs of NRIs.
Key Highlights
- Federal Bank launched a new FCNR (B) deposit variant.
- The new product is named FCNR Max Deposit Scheme.
- It is targeted at NRI customers.
- The launch date was June 11, 2026.
- The bank has complied with SEBI disclosure norms.
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