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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

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

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 vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

NRI News

18 Jun 2026 11:41 AM

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

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

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#foreigncurrency

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

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: 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

Syria's New Rebel-Led Government Vows Accountability for Assad Regime's Abuses

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Syria's New Rebel-Led Government Vows Accountability for Assad Regime's Abuses

US-Saudi Nuclear Deal Allows Uranium Enrichment

Justin Bieber shocks guests with surprise entry at Indian bride’s LA wedding

YS Jagan Mohan Reddy Makes Vaastu Changes to His Residence After Election Loss

Which country has the best mangoes? A global look at taste and tradition

India Makes Cough Syrups Prescription Only Under New Drug Rule 2026

Kunal Kamra Seeks Bail in Madras HC After FIR in Mumbai Over 'Traitor' Remark Against Shinde

India Declares 2025 as Year of Defence Reforms to Modernize Military

xAI’s Grok chatbot sparks controversy with antisemitic posts praising ***

"Sanju Samson's Maiden T20I Century: A Knock of a Lifetime Against Bangladesh"

#foreigncurrency

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

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: 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

Syria's New Rebel-Led Government Vows Accountability for Assad Regime's Abuses

US-Saudi Nuclear Deal Allows Uranium Enrichment

Justin Bieber shocks guests with surprise entry at Indian bride’s LA wedding

YS Jagan Mohan Reddy Makes Vaastu Changes to His Residence After Election Loss

Which country has the best mangoes? A global look at taste and tradition

India Makes Cough Syrups Prescription Only Under New Drug Rule 2026

Kunal Kamra Seeks Bail in Madras HC After FIR in Mumbai Over 'Traitor' Remark Against Shinde

India Declares 2025 as Year of Defence Reforms to Modernize Military

xAI’s Grok chatbot sparks controversy with antisemitic posts praising ***

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