RBI Revises Temporary Interest Rate Relaxation Period for FCNR(B) and NRE Deposits – Effective Till August 31, 2026

Last updated: 29 August 2026

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The Reserve Bank of India has amended the temporary relaxation period for interest rates on FCNR(B) and NRE deposits. Originally set to end on September 30, 2026, this relaxation, which applies to fresh FCNR(B) deposits of 3-5 year tenors and NRE deposits of 3 years and above, will now conclude on August 31, 2026. These changes are effective immediately.

August 25, 2026 Reserve Bank of India (Small Finance Banks Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Small Finance Banks Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as Directions), dated November 28, 2025 (Updated as on June 17, 2026), wherein temporary withdrawal of the interest rate ceiling on fresh FCNR(B) deposits of 3-5 year tenors and restriction on interest rates on NRE deposits of 3 year and above t

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FAQ :

The RBI has revised the end date for the temporary relaxation of interest rate ceilings on FCNR(B) and NRE deposits. The relaxation period will now end on August 31, 2026, instead of September 30, 2026.

This revision affects fresh FCNR(B) deposits with tenors of 3-5 years and NRE deposits with tenors of 3 years and above, including renewed deposits.

The temporary relaxation period began on June 17, 2026.

The new end date for the temporary interest rate relaxation is August 31, 2026.

These Amendment Directions come into force with immediate effect.

Notification No : RBI/2026-27/244
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13686&Mode=0

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