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Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs
Bank of Baroda has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), in line with the recent measures announced by the Reserve Bank of India to encourage foreign currency inflows into the country.
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economictimes.indiatimes.com
Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-in
The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This initiative, featuring an attractive at-par…
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timesofindia.indiatimes.com
RBI to fully absorb forex risks, inflows may see $50bn boost
MUMBAI: Reserve Bank of India has opened the dollar tap by taking on the currency risk itself to draw in overseas money, while nudging state-owned borrowers to look abroad for…
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RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflows
The Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned companies to raise funds abroad. Banks can…
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Bank stocks rally as RBI pushes for forex assets
MUMBAI: Bank stocks surged across the board on Tuesday following RBI’s operational guidelines for a special foreign currency non-resident (bank) or FCNR(B), swap window, with…
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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…
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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…
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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…
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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.
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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…
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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…
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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.
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Banks look to foreign funding to maximize RBI’s bazooka
Lenders have sought clarity on using NRI deposits as collateral to help attract additional foreign capital under the RBI’s latest scheme.
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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.
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thehindu.com
Bank of Baroda launches new FCNR (B) Deposit Scheme for NRIs
Bank of Baroda has launched a new Foreign Currency Non-Resident (FCNR (B)) Deposit Scheme offering higher interest rates for Non-Resident Indians (NRIs), in line with the recent…
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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.
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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…
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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…
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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
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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.
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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…