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RBI ANNOUNCEMENT WITHDRAWAL
Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting luredThe Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interes...- India short-bond rally faces risks from cash drain, analysts SayBofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as ...
- FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIsFollowing RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...
- SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these depositsFCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its ...
- FPI exodus continues, Rs 62,800 cr pulled out from equities in first fortnight of JuneForeign investors continue to sell Indian shares. They have withdrawn over Rs 62,853 crore in early June. This follows significant outflows...
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
- Is RBI replacing paper currency with plastic notes from June 30, 2026? Check detailsViral social media claims about the Reserve Bank of India replacing paper currency with plastic notes by June 30, 2026, are false. The Pres...
- Rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec saysThe Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic asse...
- Banks seek easing of guarantee curbs to draw more NRI fundsIndian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...
- Could a tax break on bond investments be the move that strengthens the Rupee? Ashvin Parekh answersIndia is considering reducing taxes on foreign investments in its bonds to attract long-term capital and stabilize the rupee. This move aim...
- Saturday bank holiday: Are banks open or closed today on May 2, 2026?Banks in India are not open on all Saturdays. So anyone willing to complete their bank work today (Saturday, May 2, 2026) must check if ban...
- India explores steps to mobilise dollar inflows as rupee slides, sources sayIndia's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabili...
- Has RBI announced 'new rules' for exchanging old Rs 500 & Rs 1,000 currency notes?Social media claims about the Reserve Bank of India allowing exchange of old Rs 500 and Rs 1000 notes are false. The official website of th...
- RBI to focus on managing INR volatility over liquidity: Tanvee Gupta JainThe Reserve Bank of India faces a challenging policy review. Global uncertainties and volatile oil prices are key concerns. Experts highlig...
- RBI says 98.45 pc of withdrawn Rs 2,000 banknotes returnedThe Reserve Bank of India reports that 98.45 percent of Rs 2,000 banknotes have been returned. This follows the withdrawal announcement on ...
- April 1, 2026 rule changes: PAN, SBI credit card cashback, FASTag, ATM withdrawals—check listMajor financial and banking rule changes are coming from April 1, 2026. SBI Card, NHAI FASTag, and RuPay debit card lounge access will see ...
- RBI says 98.42 pc of withdrawn Rs 2,000 banknotes returnedThe Reserve Bank of India reports that 98.42 percent of Rs 2,000 banknotes have been returned. This withdrawal began on May 19, 2023. The t...
- RBI says 98.41% of withdrawn Rs 2000 banknotes returnedThe Reserve Bank of India said 98.41 per cent of Rs 2,000 banknotes in circulation have been returned since their withdrawal was announced ...
- Impact of Rs 2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in FebThe growth rate of currency in circulation slowed down to 3.7% for the week ended February 9, compared to 8.2% a year earlier, due to the R...
- Additional liquidity can be positive for near-term banking liquidity, favourable for rates: Axis MFThe RBI announced withdrawal of Rs 2,000 notes this week and have given time to deposit the notes with banks up to 30 September 2023. Also,...
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