deposits Archives | Pravasi Samwad

FCNR(B) 2026 Scheme Sets New Benchmark in NRI Dollar Mobilisation

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

NRI Deposit Inflows Fall 23% as FCNR(B) Deposits Surge 124%

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

Gujarat’s NRI Deposits Rise 12.4% to Rs 1.22 Lakh Crore; Ahmedabad Leads

Ahmedabad accounts for more than a fifth of the state’s NRI deposit base, with Vadodara and Kutch also recording strong

UAE Emerges as Key Source of FCNR Deposits as Indian Banks Tap Gulf NRIs

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued

NRI Tax Rules: Interest on NRE, NRO and FCNR Accounts Explained

Interest earned by NRIs is treated differently depending on the type of bank account, with NRE and FCNR deposits generally

RBI Eases Priority-Lending Rules to Encourage Fresh NRI Deposits

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

Tamilnad Mercantile Bank Eyes Overseas Expansion to Strengthen NRI Banking Services

Private lender plans liaison offices in key global markets while stepping up cybersecurity investments Tamilnad Mercantile Bank (TMB) is

UAE Emerges as Major Source of FCNR Deposits Despite Operational Hurdles

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency

RBI Swap Scheme Attracts $36.7 Billion in NRI Dollar Deposits in Less Than Two Months

Latest data shows strong overseas Indian response as total foreign currency inflows cross $40 billion The Reserve Bank of India’s

UAE’s First Abu Dhabi Bank unveils $1.5 billion financing programme for Indian expatriate forex deposits

Initiative aims to boost participation in RBI’s foreign currency deposit scheme and strengthen India’s forex reserves PRAVASISAMWAD.COM First Abu Dhabi