Tag: Foreign Currency Non-Resident (Bank) FCNR(B)

2 results found

The RBI's special forex swap window attracted over $65 billion in foreign currency inflows ahead of its revised August 31 deadline

141views

0likes

0comments

Finance
World

RBI’s FCNR(B) deposit scheme becomes a surprise hit, inflows cross...

New Delhi: The Reserve Bank of India (RBI)’s attempt to shore up India’s forex reserves through the Indian diaspora has been a massive success, with the Foreign Currency Non-Resident (Bank)...

By Abizar Attari
August 22, 2026

The RBI and domestic banks have launched a massive $50 billion deposit drive, offering NRIs up to 7% tax-free interest on US Dollar FCNR (B) fixed deposits

335views

0likes

0comments

Finance

India taps NRIs with up to 7% interest on dollar...

New Delhi: With India’s forex reserves getting depleted faster than expected due to the conflict in the Middle East, India is now wooing its 35 million strong diaspora, one of...