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Banks raise FCNR(B) deposit rates — India Verified

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Business
Banks raise FCNR(B) deposit rates

Business13 June 2026 at 01:52 pmQuick read

Banks raise FCNR(B) deposit rates

Credibility score80 / 100

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2sources verified

Banks are increasing interest rates on NRI dollar deposits. Some lenders offer over 7 percent on US dollar FCNR(B) deposits. This follows an RBI move to boost foreign currency inflows.

AI Credibility Analysis

The score falls in the 70-89 band as it is based on 2 named sources, The Times of India and BusinessLine, with mostly factual information and minor gaps.

Original Sources

The Economic Times
Thehindubusinessline

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Banks raise FCNR(B) deposit rates

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