FCNR(B) deposit rates cut after special swap window deadline shift
Several banks reduced FCNR(B) deposit interest rates after a special swap window closed. The government advanced the offer deadline to 30 August 2026 from 30 September 2026, with cuts mainly for 3-year to 5-year deposits.
New Delhi, Sept.
2 -- Several banks have reduced FCNR(B) deposit interest rates after the special swap window closed.
The government advanced the offer's deadline from 30 September to 30 August 2026.
Cuts have mainly affected 3-year to 5-year deposits, which previously offered higher returns.In Jun…