New Delhi, Aug. 20 -- The Reserve Bank of India (RBI) has brought forward the deadline for its special FCNR(B) deposit swap facility, giving NRIs less time to lock in the higher interest rates offered under the scheme.

The RBI introduced a special USD-INR forex swap facility for Foreign Currency Non-Resident (Bank) deposits on 8 June 2026.

According to the RBI's latest press release, forex inflows through FCNR(B) deposits had reached $52,300 million as of 13 August.

Following the encouraging response, the central bank has decided that the special swap facility for FCNR(B) deposits will be available only for deposits mobilised until 31 August, instead of the earlier 30 September deadline.

With the deadline approaching, here's what NRIs...