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HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check details - The Economic Times
HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.
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economictimes.indiatimes.com
HDFC, ICICI Bank rates up for dollar deposits
Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher…
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newsbytesapp.com
HDFC, ICICI raise dollar deposit rates to attract NRI funds
HDFC Bank and ICICI Bank have increased FCNR(B) deposit rates to attract dollar inflows, responding to rising global benchmark rates and competitive pressures in overseas markets.
