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RBI temporarily eases NRI deposit rate norms to attract overseas funds

Posted on June 17, 2026
By Business News Today
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1 min read

RBI temporarily eases NRI deposit rate norms to attract overseas funds

The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract more foreign funds until September 2026. This move could boost foreign exchange inflows. It will help strengthen the banking system and manage global market volatility.