IDFC FIRST Bank has mobilised approximately $3.57 billion (around ₹33,975 crore) from Non-Resident Indian (NRI) customers through the Reserve Bank of India's FCNR(B) swap window.

 

Key Deposit Details

• Deposit Share: The mobilised funds account for nearly 11% of the bank's overall deposit base.
• FCNR(B) Window: This growth was driven by special foreign currency non-resident swap facilities that offer competitive returns.
• Tax Benefits: Interest earned on FCNR and NRE deposits remains tax-free in India.

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