Reserve Bank of India has decided that the interest rate ceiling with
respect to FCNR(B) deposits be increased by 25 basis points. Banks in
India accept FCNR(B) deposits denominated in US dollar, Pound
Sterling, EURO, Canadian dollar, Australian dollar and Japanese Yen
for maturity period of 1-5 years.
Read full news at- http://www.banknetindia.com/banking/6316.htm
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