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RBI allows banks to route FCNR(B) deposits through GIFT City branches

Posted on June 23, 2026
By Financial Express
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1 min read

RBI allows banks to route FCNR(B) deposits through GIFT City branches

The Reserve Bank of India allows banks to mobilise FCNR(B) deposits through GIFT City branches, with SBI launching leveraged deposits offering competitive interest rates up to 7.1%.