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India , Thursday 16 July 2026

India's FCNR relaxation sparks NRI deposit shift as banks offer higher dollar returns

Published on: Sunday 21 June 2026

India's FCNR relaxation sparks NRI deposit shift as banks offer higher dollar returns The Reserve Bank of India’s decision to relax rules governing Foreign Currency Non-Resident (Bank), or FCNR(B), deposits has opened a new avenue for Non-Resident Indians (NRIs) seeking higher returns


News source: https://www.khaleejtimes.com/business/india-rbi-fcnr-relaxation-gulf-nri-deposit-shift

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