Banking & RBI
RBI directions and bank rules on NRE, NRO and FCNR(B) accounts and deposits.
- 8:00 am IST
RBI ended its NRE and FCNR(B) deposit rate relaxation on 31 August 2026, a month earlier than announced
Banks could pay above the usual caps on fresh 3-year-plus NRE and 3-5 year FCNR(B) deposits from 17 June; a 25 August amendment cut the window short.
Source: RBI circular RBI/2026-27/243, Interest Rate on Deposits Third Amendment Directions, 25 August 2026