SENSEX
NIFTY
GOLD
USD/INR

Weather

image 34    C

NRIs News

The Economic Times

NRIs / The Economic Times

details

Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risks

Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products.

22 Jul 2026 12:26 am