NRIs Can Now Earn Extra Interest From Bank Deposits In India; RBI Hikes Ceiling On FCNR-B Rates
Banks can now offer FCNR-B deposit rates up to ARR plus 400 basis points for 1-3 years and ARR plus 500 basis points for 3-5 years, significantly raising the previous caps.
Banks can now offer FCNR-B deposit rates up to ARR plus 400 basis points for 1-3 years and ARR plus 500 basis points for 3-5 years, significantly raising the previous caps.
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Subhashree
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