Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits

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Last updated: 07 December 2024
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This document from the Reserve Bank of India details the updated interest rate ceilings for Foreign Currency (Non-resident) Accounts [FCNR(B)] deposits. It specifies new rates for deposits ranging from 1 year to less than 3 years, and for deposits of 3 years and above up to 5 years. These revised ceilings are effective from December 6, 2024, and are available until March 31, 2025. This information is crucial for banks and financial institutions managing non-resident deposits.

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Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits #pdf
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Submitted by · Posted 07 December 2024 · Other files by Shree · Report
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