MUMBAI, India, June 17 -- Reserve Bank of India issued the following notification:
RBI/2026-27/138
DOR.SOG(SPE).REC.117/13.03.00/2026-27
June 17, 2026
Reserve Bank of India (Commercial Banks - Interest Rate on Deposits) Amendment Directions, 2026
Please refer to the Reserve Bank of India (Commercial Banks - Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as 'Directions'), dated November 28, 2025. On a review, it has been decided to temporarily withdraw interest rate ceiling on fresh FCNR(B) deposits of 3-5 year tenors and restriction on interest rates on NRE deposits of 3 year and above tenors, including the deposits that are renewed upon maturity, from the date of this Amendment Directions till September 30, 2026....