Equitas Small Finance Bank Limited, has hiked its FCNR (B) deposit rates.

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…

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…

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

Indian banks attract NRIs with FCNR(B) deposits offering up to 14% returns and significant leverage on investments.

Equitas Small Finance Bank Limited, has hiked its FCNR (B) deposit rates.

Sections of the Indian diaspora in the US are facing an income squeeze, which may cloud the prospects of this scheme