SBI FCNR(B) Deposit Interest Rate Increased: RBI’s New Policy Brings Better Returns for NRIs
The SBI FCNR(B) Deposit scheme is making headlines after the Reserve Bank of India (RBI) introduced a new policy aimed at attracting more foreign currency deposits into the Indian banking system. Following the RBI’s decision, the State Bank of India (SBI) has revised the interest rates on its Foreign Currency Non-Resident (Bank) or FCNR(B) deposits. … Read more