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RBI Removes Interest Rate Ceiling on FCNR(B) Deposits — India Verified

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RBI Removes Interest Rate Ceiling on FCNR(B) Deposits

Business18 June 2026 at 09:52 pmQuick read

RBI Removes Interest Rate Ceiling on FCNR(B) Deposits

Credibility score90 / 100

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2sources verified

The RBI has removed interest rate caps on FCNR(B) deposits. This change is effective until September 2026. Banks can now offer higher interest rates.

AI Credibility Analysis

The score is 90 because the information is based on 2 named sources, BusinessLine and The Times of India, with specific details about the RBI's policy change, indicating a high level of evidence quality within the 90-100 band.

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Thehindubusinessline
The Economic Times

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RBI Removes Interest Rate Ceiling on FCNR(B) Deposits

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