Personal Finance Desk: RBI’s temporary relaxation on FCNR(B) deposit rate ceilings is scheduled to run through September 30, 2026.

The RBI temporarily removed the interest-rate ceiling on fresh FCNR(B) deposits with three-to-five-year maturities, allowing banks more flexibility to attract foreign-currency deposits from NRIs. The temporary measure is scheduled to remain available through September 30, 2026. citeturn0news2

What It Means for Consumers

The development can affect household payments, banking access, savings, borrowing or investment-related decisions. Readers should distinguish confirmed rules from proposals and check the latest notification from the relevant authority or financial institution.

Important Point

Interest rates, fees, tax requirements and financial-product terms can change. This article is for general information and is not personal financial advice.

External source: Reserve Bank of India | Internal: Business News | Stock Market News

Imran Siddiqui

See Full Bio