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RBI removes cap on NRI deposit rates until September

The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This move aims to help banks build long-term liabilities and strengthen their asset-liability management. Banks may now offer higher rates, potentially exceeding 8%, to attract sustainable deposits.

Raccontata daeconomictimes.indiatimes.comnewsbytesapp.comthehindubusinessline.comthehindu.com

Confronto fonti

4 prospettive sulla stessa storia
AI · summaries
economictimes.indiatimes.comStai leggendo4 h fa

RBI removes cap on NRI deposit rates until September

The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This move aims to help banks build long-term…

originale

Timeline cronologica

  1. lunedì 15 giugno 2026·economictimes.indiatimes.com

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

    FCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its interest rates. NRIs can now earn up to…

  2. lunedì 15 giugno 2026·economictimes.indiatimes.com

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

newsbytesapp.com
14 h fa

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.

Leggi questa versione → originale
thehindu.com11 h fa

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

RBI temporarily lifts interest rate ceiling on NRI/PIO deposits to enhance forex reserves and attract foreign currency investments.

Leggi questa versione → originale
thehindubusinessline.com13 h fa

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

The Reserve Bank of India seems to be pulling out all the stops to ensure that banks are able to attract deposits from Non-Resident Indians (NRIs).

Leggi questa versione → originale

The Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interest rates, exceeding 7%. This allows NRIs…

  • mercoledì 17 giugno 2026·economictimes.indiatimes.com

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

    Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US…

  • mercoledì 17 giugno 2026·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…

  • mercoledì 17 giugno 2026·economictimes.indiatimes.com

    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…

  • mercoledì 17 giugno 2026·newsbytesapp.com

    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.

  • mercoledì 17 giugno 2026·economictimes.indiatimes.com

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

    The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective…

  • mercoledì 17 giugno 2026·thehindubusinessline.com

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

    The Reserve Bank of India seems to be pulling out all the stops to ensure that banks are able to attract deposits from Non-Resident Indians (NRIs).

  • mercoledì 17 giugno 2026·thehindu.com

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

    RBI temporarily lifts interest rate ceiling on NRI/PIO deposits to enhance forex reserves and attract foreign currency investments.

  • giovedì 18 giugno 2026·economictimes.indiatimes.com

    RBI removes cap on NRI deposit rates until September

    The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This…