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HSBC offers 19x FCNR(B) leverage in GIFT City
HSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposits. This special deposit program attracts overseas dollar deposits and boosts inflows. The Reserve Bank of India temporarily relaxed interest rate ceilings for this purpose. This initiative aims to attract foreign exchange until September 2026.
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economictimes.indiatimes.com
FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD deposits - The…
Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest rates on these foreign currency…
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HSBC offers 19x FCNR(B) leverage in GIFT City
HSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposits. This special deposit program…
