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___ RESERVE BANK OF INDIA___ www.rbi.org.in RBI/201314/477 DBOD.No.Dir.BC.92/13.03.00/201314January 31, 2014All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Interest Rates on FCNR (B)

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How to fill out interest rates on fcnr

01

Understand the latest interest rates offered on FCNR accounts by your bank.

02

Log in to your online banking account or visit your bank's branch.

03

Select the FCNR account for which you want to update the interest rates.

04

Look for the option to update the interest rates and provide the necessary information or follow the on-screen instructions.

05

Verify the changes and submit the request for updating the interest rates on your FCNR account.

Who needs interest rates on fcnr?

01

Individuals or businesses who hold FCNR accounts and want to stay updated with the current interest rates.

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What is interest rates on fcnr?

Interest rates on FCNR (Foreign Currency Non-Resident) deposits are the rates at which banks pay interest on deposits maintained in foreign currency by non-resident Indians.

Who is required to file interest rates on fcnr?

Banks that offer FCNR deposits are required to file the interest rates on these deposits with the relevant regulatory authorities.

How to fill out interest rates on fcnr?

To fill out interest rates on FCNR, financial institutions need to provide details such as the currency of the deposit, interest rate offered, duration of the deposit, and any applicable terms and conditions.

What is the purpose of interest rates on fcnr?

The purpose of interest rates on FCNR is to attract foreign currency deposits from non-resident Indians by offering competitive returns on their savings.

What information must be reported on interest rates on fcnr?

Information that must be reported includes the currency type, interest rate, maturity period, and any changes to the deposit scheme.

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