RBI curtails CRR, SLR exemption window for FCNR(B), NRE deposits to Aug 31
This story was originally published at 20:50 IST on 25 August 2026
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--RBI: CRR, SLR exemptions under FCNR(B) deposit scheme only till Aug 31
--CONTEXT: Jun 8-Sept 30 FCNR(B) deposits had CRR, SLR exemptions earlier
--RBI: CRR, SLR exemptions under NRE deposit scheme only till Aug 31
NEW DELHI – The Reserve Bank of India has curtailed the window for exemption from cash reserve ratio and statutory liquidity ratio maintenance on fresh foreign currency non-resident bank and non-resident (external) rupee term deposits to Aug. 31 from Sept. 30 earlier, with immediate effect, the central bank said in a release Tuesday.
On Jun. 19, the RBI had exempted banks' non-resident (external) rupee term deposits of three years or more mobilised from Jun. 19 to Sept. 30 from CRR and SLR computation. Earlier, it had exempted fresh FCNR(B) deposits of three-to-five-year tenor mobilised from Jun. 8 to Sept. 30 from the regulatory requirements as part of measures to attract foreign capital into India. More
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