Story thread · 2 reports / 1 sources

HDFC Bank, ICICI Bank raise FCNR(B) deposit rates to 6.25%: What it means for NRI investors

businesstoday.in · 4dShare

HDFC Bank and ICICI Bank have raised interest rates on select FCNR(B) fixed deposits to 6.25% after the government eased hedging costs for banks. The move offers NRIs higher tax-efficient returns while helping lenders attract more foreign currency deposits.

First report: HSBC tops FCNR(B) mobilisation under RBI swap window; SBI, ICICI among biggest gainers — businesstoday.in, 7d