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US, Singapore-Based NRIs Seek Clarity Over Tax Impact on FCNR Deposit Scheme

Concerns over overseas withholding tax rules could influence participation in India’s foreign currency deposit mobilisation drive PRAVASISAMWAD.COM Non-Resident Indians (NRIs)

RBL Bank Raises $150 Million Through FCNR Deposits to Boost NRI Funding and Growth Plans

Lender taps overseas Indian deposits following Emirates NBD investment, with focus on trade finance and cross-border banking PRAVASISAMWAD.COM RBL Bank

RBI’s foreign currency deposit schemes attract strong NRI interest across key global markets

Banks report encouraging response from overseas Indians as government steps up efforts to boost foreign currency inflows and strengthen the

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

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