Internet Banking

At Cosmos Bank, we are committed to helping you meet all your banking needs to the best of our ability. You can access internet banking portal of our website at any hour of the day. There are no fixed timings to use the facilities. Moreover, enjoy the luxury of getting all the work accomplished at the comfort of your home or office, at any hour that is preferable for you


Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune

Call Toll Free

1800 233 0234

Weekdays 10 AM to 6 PM

Sunday : Closed

Attractive Features of Cosmo FCNR (B)
Applicable to all NRI’s / PIO’s
Calculation of Interests
Interest calculated on the basis of 360 days in a year on half yearly rates
Tax Benefit
No TDS on interest earned on FCNR (B) deposit.

The Indian account for your foreign currency

A term deposit account created for NRIs and PIOs to invest their foreign currencies in India and earn tax free interest. Attractive interest rates on major currencies of the world.

Maintain your foreign currency in your Indian bank. Cosmos FCNR (B) is a term deposit account that is designed for NRIs and PIOs to invest a minimum deposit of 1000 USD/ EUR/ GBP or 100000 YEN without worrying about currency risks and to earn tax free interests.

Applicable rates for Cosmo FCNR (B) for some major currencies -

Tenor (years) USD GBP EUR JPY

Applicable Applicable Applicable Applicable
1 year to less than 3 years 2.77 3.18 1.91 2.49
3 Years to less than 5 years 3.78 4.19
2.92 3.50


  • Please contact the branch for further details
  • The available currencies USD, Euro, GBP and JPY
  • Multiple tenor options from 1 year upto 5 years
  • Renewal allowed on confirmation of residential status of account holder as NRI/PIO
  • Premature Closure of Deposit before 1 year is allowed. But no interest to be paid in this case. However, SWAP costs, if any, can be recovered
  • In case of Premature Closure of Deposit after 1 year, 1% penal interest will be charged and SWAP cost, if any, will be recovered
Documents Required
  • Duly filled Account Opening Form
  • Duly verified photocopies of Passport and Visa to confirm the residential status
  • Duly verified photocopies of overseas address proof as well as of local address in India wherever applicable
  • Any other document to comply with KYC norms, & FATCA / CRS Form

Get In Touch

Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Cosmos Bank

Ideal for people
  • NRI’s / PIO’s looking to earn tax free interest rates on their currencies in India
Good to Know
  • Joint account will be allowed with any other NRI/ PIO/ Resident closed relative as per FEMA guidelines. In case of joint account with Resident close relative, the account is to be opened only on ‘Former OR Survivor’ basis.
  • Term Deposit type of account only
  • Repayment of Deposit can be done in foreign currency or as per instructions of the depositor subject to prevailing FEMA rules
  • Nomination is permitted
  • Loan availability will be as per present rules applicable to FCNR (B) deposits
  • B Cat Centre’s are Authorized Branches
  • Interest: For Rate of Interest, Updated on Monthly basis / LIBOR Plus Spread
  • Form: Available on Online Form Centre