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RBI temporarily eases NRI deposit rate norms to attract overseas funds
The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract more foreign funds until September 2026. This move could boost foreign exchange inflows. It will help strengthen the banking system and manage global market volatility.
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economictimes.indiatimes.com
RBI temporarily eases NRI deposit rate norms to attract overseas funds
The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract…
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How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs - The Economic Times
The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign…
