Cheer for NRIs! Earn higher interest rates on FCNR(B) deposits till March 31, 2025 - here’s how

Friday, 6 December 2024
The Reserve Bank of India (RBI) has raised the interest rate ceiling on Foreign Currency Non-Resident (Bank) or FCNR(B) deposits to attract more foreign currency. For deposits maturing in one to less than three years, the new ceiling is the overnight Alternative Reference Rate (ARR) plus 400 basis points, effective until March 2025.

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These special FDs offer up to 8.10% interest rate: Here’s the deadline for investing in high rate fixed deposits

Punjab & Sind Bank and IDBI Bank are offering special fixed deposit (FD) schemes with higher interest rates until December 31, 2024. IDBI's Utsav FD offers rates...
IndiaTimes on December 18, 2024

Cheer for NRIs! Earn higher interest rates on FCNR(B) deposits till March 31, 2025 - here’s how

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These special FDs offer up to 8.10% interest rate: Here’s the deadline for investing in high rate fixed deposits