New RBI FCNR(B) Opportunity for NRIs – Benefits and Risks to Consider Before Investing
The recent Reserve Bank of India (RBI) initiative relating to FCNR(B) deposits has generated significant interest among Non-Resident Indians (NRIs). With several Indian banks offering comparatively higher interest rates under the new window, many NRIs are evaluating whether FCNR(B) deposits could be an attractive avenue for parking surplus foreign currency funds. While this opportunity may […]