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RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

India's RBI-backed FCNR deposit initiative has reportedly mobilized nearly $10 billion in foreign-currency deposits from NRIs. The strong response highlights growing demand for foreign-currency savings while helping strengthen India's external financing position. India's temporary Reserve Bank of India (RBI) initiative to encourage Foreign Currency Non-Resident (FCNR(B)) deposits has reportedly attracted nearly $10

NRI News

15 Jul 2026 11:40 AM

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

NRI News

RBI FCNR Swap: What US-Based NRIs Should Know

The RBI introduced the US dollar-rupee swap facility on Monday, June 8, 2026. It applies to eligible fresh FCNR(B) deposits, including deposits renewed at maturity, with an original tenure of at least three years and no more than five years. Deposits must be mobilized between Monday, June 8, 2026, and Wednesday, September 30, 2026. Banks may use the RBI swap window through Friday, October 16, 2026. The swap

NRI News

26 Jun 2026 10:37 AM

RBI FCNR Swap: What US-Based NRIs Should Know

NRI News

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#depositrates

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Swap: What US-Based NRIs Should Know

RBI FCNR Swap: What US-Based NRIs Should Know

Air India Finally Launching New Flights to Dallas and Los Angeles

CM Vijay Faces First Law-And-Order Test After Crimes Against Minors In Tamil Nadu

Global Diplomacy in Overdrive as Jaishankar Speaks to 24 Nations After Pahalgam Terror Attack

Six injured in knife attack at Ufa university hostel, four Indian students among victims

Eurostar suspends all services after Channel Tunnel power failure during peak holiday travel

Rashmika Mandanna and Vijay Deverakonda's Udaipur Wedding: Haldi, Mehndi, and Sangeet Details

Chicago air quality worsens due to ozone and wildfire smoke, alerts issued across Midwest

National Guard deployment to Chicago sparks legal and political battle

US Debt Crosses $40 Trillion as Borrowing Pressure Builds

Trump Poised to Become President with Highest National Debt Increase in US History

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Air India Finally Launching New Flights to Dallas and Los Angeles

CM Vijay Faces First Law-And-Order Test After Crimes Against Minors In Tamil Nadu

Global Diplomacy in Overdrive as Jaishankar Speaks to 24 Nations After Pahalgam Terror Attack

Six injured in knife attack at Ufa university hostel, four Indian students among victims

Eurostar suspends all services after Channel Tunnel power failure during peak holiday travel

Rashmika Mandanna and Vijay Deverakonda's Udaipur Wedding: Haldi, Mehndi, and Sangeet Details

Chicago air quality worsens due to ozone and wildfire smoke, alerts issued across Midwest

National Guard deployment to Chicago sparks legal and political battle

US Debt Crosses $40 Trillion as Borrowing Pressure Builds

Trump Poised to Become President with Highest National Debt Increase in US History

#depositrates

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Swap: What US-Based NRIs Should Know

RBI FCNR Swap: What US-Based NRIs Should Know

Air India Finally Launching New Flights to Dallas and Los Angeles

CM Vijay Faces First Law-And-Order Test After Crimes Against Minors In Tamil Nadu

Global Diplomacy in Overdrive as Jaishankar Speaks to 24 Nations After Pahalgam Terror Attack

Six injured in knife attack at Ufa university hostel, four Indian students among victims

Eurostar suspends all services after Channel Tunnel power failure during peak holiday travel

Rashmika Mandanna and Vijay Deverakonda's Udaipur Wedding: Haldi, Mehndi, and Sangeet Details

Chicago air quality worsens due to ozone and wildfire smoke, alerts issued across Midwest

National Guard deployment to Chicago sparks legal and political battle

US Debt Crosses $40 Trillion as Borrowing Pressure Builds

Trump Poised to Become President with Highest National Debt Increase in US History

Popular Cities