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RBI removes interest rate cap on new FCNR(B) deposits

The Reserve Bank of India has temporarily removed the interest rate ceiling on fresh three- and five-year FCNR-B deposits, effective until September 30, 2026.

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thehindubusinessline.com

economictimes.indiatimes.com

newsbytesapp.com

thehindu.com

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RBI removes interest rate cap on new FCNR(B) deposits

The Reserve Bank of India has temporarily removed the interest rate ceiling on fresh three- and five-year FCNR-B deposits, effective until September 30, 2026.

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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…

RBI removes interest rate cap on new FCNR(B) deposits

Confronto fonti

RBI removes interest rate cap on new FCNR(B) deposits

Timeline cronologica

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

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

RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex

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

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

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

RBI temporarily eases NRI deposit rate norms to attract overseas funds

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

RBI removes interest rate cap on new FCNR(B) deposits

RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30

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

RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex

RBI removes cap on NRI deposit rates until September

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

Banks seek RBI nod to let NRIs break & rebook existing deposits - The Economic Times

Euphoria over FCNR (B) deposits misplaced

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

RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits