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Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Canara Bank introduces FCNR(B) Special Deposit Scheme for NRIs, offering up to 6.50% interest on USD deposits with tax benefits.

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thehindubusinessline.com

economictimes.indiatimes.com

thehindu.com

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thehindubusinessline.comStai leggendo1 mese fa

Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Canara Bank launches FCNR(B) deposits offering NRIs 6.50% annual interest (USD, GBP, EUR, CAD, AUD; 3-5 year tenure, 1-year lock-in). Tax exemption and loan-against-deposit facilities support RBI capital inflow measures; expands wealth management for overseas Indian professionals.

originale

thehindu.com1 mese fa

Canara Bank offers special deposit scheme for NRIs

Canara Bank has announced its FCNR (B) Special Deposit Scheme, designed to help Non-Resident Indians (NRIs) grow their savings while investing in India.

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Timeline cronologica

lunedì 15 giugno 2026·thehindubusinessline.com
FCNR (B) deposits: Banks’ may face a tricky situation
Banks may struggle to retain FCNR (B) deposits as NRIs consider premature closures for higher interest rates on new deposits.
lunedì 15 giugno 2026·economictimes.indiatimes.com
FCNR(B) window may save banks Rs 4,000 crore
Banks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs, making them cheaper than domestic fixed…

Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Confronto fonti

Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Canara Bank offers special deposit scheme for NRIs

Timeline cronologica

FCNR (B) deposits: Banks’ may face a tricky situation

FCNR(B) window may save banks Rs 4,000 crore

FCNR(B) window may save banks Rs 4,000 crore

SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these deposits - The Economic Times

Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting lured - The Economic Times

Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs

Banks dangle mega returns to lure NRIs to FCNR(B) deposits

New FCNR USD deposits offering up to 6.5% interest rate: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs -…

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs - The Economic Times

Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor

Canara Bank offers special deposit scheme for NRIs

Banks seek RBI nod to let NRIs break & rebook existing deposits

Euphoria over FCNR (B) deposits misplaced

Bandhan Bank increases FCNR(B) deposit rates to 7.1% after RBI forex swap move

South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap window