Fcnr B

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  All You Need To Know About State Bank Of India NRI Accounts

  SBI NRI Services: Non Resident External (NRE) accounts can be opened by individually or jointly with other non-resident Indians (NRI), PIO or OCI.

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  SBI Savings Accounts For Non-Residents: Minimum Balance, Eligibility And Other Details

  State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

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  Indian Bank Revises Interest Rates For Foreign Currency Non-Resident Deposits

  Indian Bank said it has been authorised by the Central Board of Excise and Customs to collect GST through its branches.

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  Are You An NRI? SBI Offers These Options To Park Your Money

  State Bank of India's NRE or non-resident external account is an account meant to park funds remitted from overseas back home.

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  FCNR Redemption Pressure Will Be Transient: BNP Paribas

  Any disturbances in the market due to the upcoming FCNR (B) redemptions will only be "transient" as RBI will dip into forex reserves to smoothen the volatility, French brokerage BNP Paribas said on Friday.

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  FCNR Bonds Were 'Least Bad' Option To Raise Dollars: Raghuram Rajan

  RBI Governor Raghuram Rajan said that he chose the "least bad" option of raising forex through FCNR(B) scheme three years ago, but it had helped in strengthening the rupee and stabilising the currency market.

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  Nothing To Worry About Foreign Currency Deposit Redemptions: Raghuram Rajan

  Reserve Bank of India Governor Raghuram Rajan on Tuesday allayed fears of any "disruptive" impact on the markets due to the redemption in coming months from $26-billion foreign currency deposits, calling it a "smaller eventuality".

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  FCNR Redemption Could Hurt Rupee, Squeeze Liquidity: Analysts

  The rupee could turn volatile due to possible dollar shortages when NRIs redeem a large chunk of FCNR (B) deposits held in Indian banks, economists say.

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  Have Enough Dollars To Take Care Of $20 Billion Outflows: Rajan

  Reserve Bank on Tuesday said it expects around $20 billion outflows from FCNR-B deposits redemptions, which may create some short-term dollar shortages but Governor Raghuram Rajan assured that the central bank has enough dollars to meet any sharp market volatilities.

• Dena Bank Cuts Foreign Currency Non-Resident Deposit Rate

  Dena Bank has lowered interest rates on foreign currency non-resident deposit (FCNR) (B) with effect from Wednesday.

• Indian Bank Revises Interest Rates on Non-Resident Deposits

  Public sector Indian Bank has revised the foreign currency non-resident banking term deposits interest rates with immediate effect.

• Special dollar swap windows net $22.7 billion: RBI

  The special window allows banks to swap fresh FCNR (B) dollar funds, mobilised for a minimum tenor of three years, at a fixed rate of 3.5 per cent per annum.

• Indian Bank revises interest rates

  Accordingly, for FCNR (B) deposits, in US Dollar, the revised interest rate for one year and above but less than two years remains unchanged, at 2.67 per cent.

• Syndicate Bank raises NRI deposit rates by 1 per cent

  State-owned Syndicate Bank said on Wednesday that it has made upward revision of the rate of interest on foreign currency and non-resident (FCNR) banks for US dollar deposits of 3 to 5 years by 1 per cent, effective from August 22.

• Dena Bank raises NRI deposit interest rates by 1 per cent

  Dena Bank has raised interest rates on NRI deposits of over 3 years by 1 per cent, days after the Reserve Bank of India (RBI) deregulated interest rates on such deposits.