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FOREIGN CURRENCY FIXED DEPOSIT RATES
How NRIs, OCIs can get 45% annual return on $1 lakh FCNR (B) deposit as this bank in India offers 19X leverage; Should you go for it?HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to ...22 Jul, 2026, 05.25 PM IST- $17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed dep...22 Jul, 2026, 10.42 AM IST
- FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow inThe optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that h...22 Jul, 2026, 12.36 AM IST
- Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...21 Jul, 2026, 11.14 PM IST
- Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facilityForeign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twen...21 Jul, 2026, 05.59 PM IST
- PNB to foray in acquisition finance in third quarter: MD ChandraPunjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in ...21 Jul, 2026, 05.10 PM IST
- Rupee firms as oil retreats, traders gauge flow momentum under RBI measuresThe Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict a...21 Jul, 2026, 12.22 PM IST
- FCNR scheme: Withholding tax fear haunts US, Singapore NRIsNon-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...21 Jul, 2026, 12.40 AM IST
- Up to 8.50% interest on senior citizen FD: This bank increases interest rate on 501-day special FD; check detailsUnity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit....17 Jul, 2026, 02.45 PM IST
- NRIs can bring USD 70-80 bn into India through FCNR deposits: ExpertNon-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...17 Jul, 2026, 11.53 AM IST
- FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD depositsGovernment support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest ...16 Jul, 2026, 01.31 PM IST
- India, UAE central banks said to hold talks on FX deposit issuesIndia and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in...15 Jul, 2026, 03.57 PM IST
- India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: ReportIndia has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves ...14 Jul, 2026, 02.31 PM IST
- FM Sitharaman to meet PSB chiefs to review foreign currency deposit driveFinance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...12 Jul, 2026, 10.45 AM IST
- As West Asia boils again, RBI likely to assess FCNR flowsThe Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and pote...10 Jul, 2026, 06.32 AM IST
- State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...09 Jul, 2026, 11.44 AM IST
- FCNR(B) FD vs NRE FD: Where can NRIs earn more on $50,000 investment? Compare returns, currency risk and tax benefitsNon-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve relia...08 Jul, 2026, 01.12 PM IST
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