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RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor mobilised by the banks between June 19, 2026 and September 30, 2026 as part of its limited period measures to attract foreign capital.
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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…
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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.
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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…
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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).
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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.
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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…
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Banks seek RBI nod to let NRIs break & rebook existing deposits
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire…
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Banks seek RBI nod to let NRIs break & rebook existing deposits - The Economic Times
To incentivise foreign currency inflows, the Reserve Bank of India will swap fresh dollar term deposits raised until end-September at par. In effect, the RBI will bear the entire…
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RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
The Reserve Bank of India has now exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more tenor…
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Bankers’ expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Bankers anticipate RBI will release FAQs to clarify regulations and address concerns about high interest FCNR (B) deposits.