Non-Resident Indians (NRIs) may find the globally competitive fixed deposit (FD) interest rates in India currently too good to miss. Indian banks, such as the State Bank of India (SBI), RBL Bank, and Federal Bank, offer FD accounts in six major foreign currencies: The US Dollar, the British Pound (GBP), Canadian Dollar (CAD), the Australian Dollar (AUD), and Japanese Yen (JPY) tax-free.