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NewsPolicyRadarTuesday, 13 October 2026NEW

Business | FCNR(B) Deposits in 2026: RBI Rate-Ceiling Changes, FEMA, NRI Tax and Currency Risk

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Summary
FCNR(B) deposit rules after RBI’s August 2026 rate-cap change: tenures, currency, FEMA, tax exemption, premature withdrawal, DICGC and NRI risks.
Key Facts
TypeNews
SourcePolicyRadar India
PublishedTuesday, 13 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy671 tracked→
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