NRIPage | Articles | #fcnrdeposits | Get Latest Political & Global Updates, Sports News, Latest National & International NRI News in India, USA & other countries around the world

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

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

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

NRI News

11 Jul 2026 03:00 AM

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

NRI News

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

Rupeeflo is targeting a reduction in NRI account opening time from about 60 days to 24 hours. The digital onboarding effort covers bank, demat and trading accounts used by Non-Resident Indians investing in India. The company says the faster process could address paperwork and verification delays that cause applicants to abandon plans to invest in Indian stocks or deposits. Rupeeflo targets faster NRI account opening Zerodha founder and CEO Nith

NRI News

02 Jul 2026 15:06 PM

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

Rupeeflo is targeting a reduction in NRI account opening time from about 60 days to 24 hours. The digital onboarding effort covers bank, demat and trading accounts used by Non-Resident Indians investing in India. The company says the faster process could address paperwork and verification delays that cause applicants to abandon plans to invest in Indian stocks or deposits. Rupeeflo targets faster NRI account opening Zerodha founder and CEO Nith

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

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

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

18 Jun 2026 11:58 AM

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI’s push for FCNR deposits is designed to bring more foreign currency into India. But the latest available data show that most NRI bank money in India remains in rupee-denominated accounts. Where NRI Bank Deposits Were Held

NRI News

18 Jun 2026 11:36 AM

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI’s push for FCNR deposits is designed to bring more foreign currency into India. But the latest available data show that most NRI bank money in India remains in rupee-denominated accounts. Where NRI Bank Deposits Were Held

NRI News

Articles

Sonam Kapoor’s Baby Shower Look Redefines Effortless Indianwear

"Anticipation Builds as Nara Lokesh Teases Major Announcement After Meeting with Tata Group"

Easy and Tasty: 20 Simple Indian Recipes for Beginners

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Italy captain Donnarumma vows comeback after World Cup heartbreak

Columbus summer youth programs make lasting impact amid rising teen crime concerns

Bay Area unites to combat human trafficking ahead of major 2026 sports events

Italy’s Meloni calls for unity with US after Trump dispute

Over 150 Hostages Rescued After Train Hijacking in Pakistan's Balochistan Region

Riding the Rapids: The Thrill of Whitewater Kayaking

#fcnrdeposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

RBI FCNR Swap: What US-Based NRIs Should Know

RBI FCNR Swap: What US-Based NRIs Should Know

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

Sonam Kapoor’s Baby Shower Look Redefines Effortless Indianwear

"Anticipation Builds as Nara Lokesh Teases Major Announcement After Meeting with Tata Group"

Easy and Tasty: 20 Simple Indian Recipes for Beginners

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Italy captain Donnarumma vows comeback after World Cup heartbreak

Columbus summer youth programs make lasting impact amid rising teen crime concerns

Bay Area unites to combat human trafficking ahead of major 2026 sports events

Italy’s Meloni calls for unity with US after Trump dispute

Over 150 Hostages Rescued After Train Hijacking in Pakistan's Balochistan Region

Riding the Rapids: The Thrill of Whitewater Kayaking

Popular Cities

Sign In

Sonam Kapoor’s Baby Shower Look Redefines Effortless Indianwear

"Anticipation Builds as Nara Lokesh Teases Major Announcement After Meeting with Tata Group"

Easy and Tasty: 20 Simple Indian Recipes for Beginners

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Italy captain Donnarumma vows comeback after World Cup heartbreak

Columbus summer youth programs make lasting impact amid rising teen crime concerns

Bay Area unites to combat human trafficking ahead of major 2026 sports events

Italy’s Meloni calls for unity with US after Trump dispute

Over 150 Hostages Rescued After Train Hijacking in Pakistan's Balochistan Region

Riding the Rapids: The Thrill of Whitewater Kayaking

#fcnrdeposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

UK Tax Changes Cut FCNR Returns for High-Net-Worth NRIs

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

Rupeeflo Targets 24-Hour NRI Account Opening, Down From 60 Days

RBI FCNR Swap: What US-Based NRIs Should Know

RBI FCNR Swap: What US-Based NRIs Should Know

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

Sonam Kapoor’s Baby Shower Look Redefines Effortless Indianwear

"Anticipation Builds as Nara Lokesh Teases Major Announcement After Meeting with Tata Group"

Easy and Tasty: 20 Simple Indian Recipes for Beginners

Google Announces Job Cuts in Cloud and HR Teams as AI Investments Drive Workforce Restructuring

Italy captain Donnarumma vows comeback after World Cup heartbreak

Columbus summer youth programs make lasting impact amid rising teen crime concerns

Bay Area unites to combat human trafficking ahead of major 2026 sports events

Italy’s Meloni calls for unity with US after Trump dispute

Over 150 Hostages Rescued After Train Hijacking in Pakistan's Balochistan Region

Riding the Rapids: The Thrill of Whitewater Kayaking

Popular Cities