#reservebankofindia
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
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
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
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
RBI Reviews Proposal to Introduce Polymer Currency Notes in India
The Reserve Bank of India is reviewing a proposal to introduce polymer, or plastic, currency notes in the country. However, no final decision has been taken yet. RBI Governor Sanjay Malhotra said the idea is still at a preliminary stage and the central bank is currently studying whether such notes would be suitable for India. According to him, the proposal is under consideration, and the public will be informed whenever a decision is made. RBI Studying B
RBI Reviews Proposal to Introduce Polymer Currency Notes in India
The Reserve Bank of India is reviewing a proposal to introduce polymer, or plastic, currency notes in the country. However, no final decision has been taken yet. RBI Governor Sanjay Malhotra said the idea is still at a preliminary stage and the central bank is currently studying whether such notes would be suitable for India. According to him, the proposal is under consideration, and the public will be informed whenever a decision is made. RBI Studying B









