Bandhan Bank increases FCNR(B) deposit rates to 7.1 pc after RBI forex swap move - The Economic Times

Bandhan Bank has raised interest rates on Foreign Currency Non-Resident Bank deposits for non-resident Indian customers. US dollar deposits of one million dollars and above will now earn 7.1 percent for three to five-year tenures. Deposits below one million dollars will receive 7 percent. This move follows the RBI's forex swap facility to encourage foreign currency inflows.

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