Federal Bank Introduces FCNR Max Deposit Scheme Targeting NRI Customers
The Federal Bank Limited has announced the launch of a new banking product: the FCNR Max Deposit Scheme. This initiative adds a specialized variant to the bank’s range of deposit products, aimed at serving Non-Resident Indian (NRI) customers.The FCNR Max Deposit Scheme was officially launched on June 11, 2026. The product is categorized as an FCNR (B) Deposit and is specifically designed for NRI clientele, catering to the needs of this international customer base.
Details regarding the newly introduced banking product are summarized below:
| Product Name | Date of Launch | Category | Target Market |
|---|---|---|---|
| FCNR Max Deposit Scheme | 11.06.2026 | FCNR (B) Deposit | NRI customers |
FEDERALBNK Stock Price Movement
Today, The Federal Bank Limited shares shed slightly, closing at ₹309.75 after dipping 0.1%. The stock traded within an intraday range of ₹307.05 to ₹311.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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