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

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Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune
+91-20-67086708

Call Toll Free

1800 233 0234

customercare@cosmosbank.in

Weekdays 10 AM to 6 PM

Sunday : Closed

Attactive Features of Cosmo FCNR (B) Premium
Applicability
This scheme is available for NRI’s / PIO’s / OCI Holder
Higher Returns
Get higher Returns on FCNR (B) deposits.
Tax Benefit
No tax on interest in India.

Cosmo FCNR (B) Premium

High returns Term deposit for the NRIs

A term deposit account for the NRIs and PIOs gain maximum through forex. Maintain your foreign currency in Indian bank account and benefit higher returns

The Indian bank account for your foreign currency!

The Cosmo FCNR (B) Premium is a term deposit account provided for NRIs and PIOs. Maintain your account in foreign currency. With a minimum deposit amount of USD 10000 or its equivalent in Euro/ YEN/ GBP, Premium account facilitates you with higher returns as compared to the regular account users.

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

Tenure (years) USD GBP EUR JPY

Applicable Applicable Applicable Applicable
1 year 1 day 1.98 1.44 0.74 1.23

 

Eligibility
  • Please contact the branch for further details
Facility
  • USD, Euro, GBP and JPY are the available currencies
  • Tenor of 1 year 1 day is provided
  • Premature Closure of Deposit before 1 year is allowed. However, no interest will be paid. Moreover, premature closure will be allowed subject to cancellation of the forward contract and recovery of exchange difference / SWAP cost, if any.
  • In case of Premature Closure of Deposit after 1 year, 1% penal interest will be charged. Premature closure will be allowed subject to cancellation of the forward contract and recovery of exchange difference / SWAP cost, if any.
  • Interest calculated on the basis of 360 days in a year on half yearly rest
  • Joint account will be allowed with any eligible person (i.e. NRI / PIO / Resident closed relative).
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, if necessary
  • Forward cover request and agreement on stamp paper/ franking of proper value as per rules
  • 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
  • Ideal for NRI’s & PIO’s looking to open a Term Deposit Account
Good to Know
  • Higher return on FCNR (B) deposit combined with forward cover in INR plan.
  • User can take benefit of higher premiums on USD/GBP/EUR/JPY.
  • The booking of forward contract and its timing will be at the option and discretion of the depositor.
  • Special Feature - Benefit higher premium on USD/GBP/EUR/JPY.
    The booking of forward contract and its timing at your option and discretion.
  • Renewal Facility is not applicable if forward contract is booked
  • Term Deposit type of account only
  • Nomination is permitted
  • Loan availability as per the FEMA guidelines from time to time
  • B Cat Centres are Authorized Branches
  • Repayment of Deposit: When forward contract booked for maturity, the proceeds credited to any Rupee dominated account i.e. NRE Savings/ Normal Savings/ NRE Term Deposits as per your instructions and as per your status to that effect at the time of maturity
  • ROI - LIBOR Plus Spread
  • Form: Available on Online Form Centre