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Banks kick-off rate hikes on FCNR (B) deposits

Banks raise FCNR (B) deposit rates to 6-7%, enhancing returns for depositors amid RBI's strategies to attract dollar inflows.

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economictimes.indiatimes.com

thehindubusinessline.com

newsbytesapp.com

cryptobriefing.com

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thehindubusinessline.comStai leggendo1 mese fa

Banks kick-off rate hikes on FCNR (B) deposits

Banks raise FCNR (B) deposit rates to 6-7%, enhancing returns for depositors amid RBI's strategies to attract dollar inflows.

Timeline cronologica

domenica 7 giugno 2026·economictimes.indiatimes.com
Banks to be told to step up FCNR (B) deposits
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign…
mercoledì 10 giugno 2026·thehindubusinessline.com
Yes Bank hikes FX deposit rates to attract non-resident inflows
The private-sector lender will offer 7% on three-year FCNR(B) deposits, 7.05% on four-year deposits and 7.10% on five-year deposits, a spokesperson for the bank said

newsbytesapp.com

1 mese fa

HDFC Bank hikes FCNR deposit rates: How it affects you?

HDFC Bank has raised interest rates on Foreign Currency Non-Resident (FCNR) deposits to 6% for tenures of three to five years, effective June 10, 2026.

Leggi questa versione → originale

economictimes.indiatimes.com1 mese fa

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

RBI incentivizes $30-70B FCNR(B) inflows via hedging subsidies to stabilize the rupee, down 11% year-over-year. Stronger rupee reduces FX exposure for tech companies sourcing Indian talent and outsourced development.

Leggi questa versione → originale

cryptobriefing.com1 mese fa

Banks target Indian diaspora in $50B deposit drive to support the rupee

India's RBI reopens FCNR(B) deposit window to attract up to $60 billion from NRIs abroad, offering 5.5%-7% rates on dollar deposits to stabilize the rupee.

Leggi questa versione → originale

mercoledì 10 giugno 2026·

economictimes.indiatimes.com

Some lenders hike rates on FX deposits for non-resident Indians - The Economic Times

Indian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 350 basis points. This move follows the…

mercoledì 10 giugno 2026·

economictimes.indiatimes.com

Banks pay 7% on dollar deposits as India seeks fresh foreign currency

Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and…

mercoledì 10 giugno 2026·

economictimes.indiatimes.com

FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move? - The Economic Times

FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. This move allows banks to offer higher…

mercoledì 10 giugno 2026·

newsbytesapp.com

HDFC Bank hikes FCNR deposit rates: How it affects you?

HDFC Bank has raised interest rates on Foreign Currency Non-Resident (FCNR) deposits to 6% for tenures of three to five years, effective June 10, 2026.

mercoledì 10 giugno 2026·

economictimes.indiatimes.com

Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India and more - The Economic Times

Several Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announced it would cover hedging costs for new 3…

mercoledì 10 giugno 2026·

economictimes.indiatimes.com

Banks raise NRI deposit rates to draw dollar inflows - The Economic Times

Indian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The Reserve Bank of India has introduced new…

mercoledì 10 giugno 2026·

thehindubusinessline.com

Banks kick-off rate hikes on FCNR (B) deposits

Banks raise FCNR (B) deposit rates to 6-7%, enhancing returns for depositors amid RBI's strategies to attract dollar inflows.

giovedì 11 giugno 2026·

thehindubusinessline.com

Banks hike FCNR(B) deposit rates to attract NRI funds after RBI forex swap move

ICICI, SBI and other banks hike FCNR(B) deposit rates to attract NRI funds after RBI’s forex swap move cuts currency hedging costs.

venerdì 12 giugno 2026·

thehindubusinessline.com

Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

Smaller banks raise FCNR(B) deposit rates over 7% as RBI aims to boost US dollar inflows from NRIs.

venerdì 12 giugno 2026·

economictimes.indiatimes.com

RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD deposits

Banks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign currency inflows. Several lenders are now…

venerdì 12 giugno 2026·

economictimes.indiatimes.com

FCNR interest rates up to 7.13%: NRIs, OCIs, POIs can earn higher returns as PNB, ICICI Bank, Axis Bank and others revise rates - The…

FCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover…

venerdì 12 giugno 2026·

thehindubusinessline.com

City Union Bank increases FCNR(B) deposit rates to 7.10%

The revised rate came into effect on June 10, 2026, and applies to NRI customers

venerdì 12 giugno 2026·

cryptobriefing.com

Banks target Indian diaspora in $50B deposit drive to support the rupee

India's RBI reopens FCNR(B) deposit window to attract up to $60 billion from NRIs abroad, offering 5.5%-7% rates on dollar deposits to stabilize the rupee.

venerdì 12 giugno 2026·

economictimes.indiatimes.com

PNB, Ujjivan raise FCNR deposit rates

Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a…

sabato 13 giugno 2026·

economictimes.indiatimes.com

Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflows

In an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in attracting foreign currency non-resident…

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