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UK Tax Changes Reduce Appeal of FCNR Deposits for Wealthy NRIs

Revised UK tax rules may curb inflows into India’s foreign currency deposit schemes despite recent RBI incentives PRAVASISAMWAD.COM Recent changes

RBI’s Special FCNR(B) Scheme Spurs Fresh NRI Deposit Inflows into Indian Banks

Higher interest rates and a temporary forex swap facility encourage overseas Indians to place more foreign currency deposits in India

UAE Banking Curbs May Slow Indian Banks’ Drive to Attract NRI Dollar Deposits

New restrictions on representative offices could affect FCNR deposit mobilisation from the UAE PRAVASISAMWAD.COM Indian banks seeking to attract more

Indian Banks Raise NRI Deposit Rates After RBI’s Hedging Cost Relief

Central bank measures aimed at boosting foreign currency inflows prompt lenders to sharply increase returns on FCNR(B) deposits PRAVASISAMWAD.COM India’s

Indian Banks Seek RBI Easing on FCNR Rules to Boost Dollar Inflows

Lenders urge central bank to relax guarantee restrictions as authorities explore options to support the rupee amid external pressures PRAVASISAMWAD.COM

NRI deposit inflows slip 16% in FY26 as weaker Rupee impacts sentiment

In contrast, NRE deposits rose 41.7 per cent to $5.06 billion, while NRO deposits increased 24.3 per cent to

NRI bank deposits in India see sharp dip as foreign currency inflows fall

Despite the slowdown in fresh inflows, the overall picture remains stable By the end of November 2025, total NRI deposits

Nri deposit inflows dips in Fy26

NRI deposit inflows ease as FCNR(B) contributions slow in FY26 While NRI deposit inflows have moderated in FY26 so far,

Managing FCNR (B) accounts when transitioning from NRI to resident

By understanding regulations, NRIs transitioning to residents can effectively manage their FCNR accounts and optimize their financial planning. PRAVASISAMWAD.COM When

NRI deposits surge to $7.82 billion between April and August 2024, says RBI

These latest figures underscore the continued appeal of India’s banking schemes to its global diaspora, particularly amidst fluctuating global markets

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