Topic
FCNR (B) deposits let Non-Resident Indians keep fixed deposits in Indian banks in a foreign currency, so the deposit carries no rupee exchange risk.
33 storiesLatest 23 Oct 2026, 14:37 IST
NRI/
Returning NRIs must redesignate NRE and NRO accounts under RBI Master Direction 14/2015-16. How the RFC account works, how interest is taxed after return, and what can leave India.
NRI
FEMA 3(R)/2018-RB explained: when Indian banks and relatives can lend rupees to NRIs, forex loans against NRE/FCNR deposits, banned end-uses, Section 195 TDS and NRO repayment rules.
NRI
Returning NRIs can keep US dollars, pounds and dirhams onshore in an RFC account under RBI Master Direction 14/2015-16, with interest tax-free during the RNOR window and funds freely repatriable.
NRI
How NRIs hold foreign-currency life and general insurance under FEMA 1999 and RBI Master Direction 9/2015-16: premium sources, the proportionality payout rule, Indian tax, DTAA credit and repatriation.
NRI
A returning NRI can hold NRE and FCNR(B) balances in foreign currency through an RFC account under FEMA Section 6(4): interest stays tax-free while RNOR, and the balance is freely repatriable.
NRI
RBI lets a resident lend rupees to an NRI relative only if the loan is interest-free, runs at least one year and stays within the USD 250,000 LRS limit. Here is the FEMA, tax and repatriation position.
NRI
Interest on NRE and FCNR(B) deposits is exempt from Indian tax, while NRO interest faces 30% TDS under Section 195 plus surcharge and 4% cess. Where a DTAA applies, the treaty rate can be lower.
NRI
Rent, dividends, pension and interest are current income an NRI can repatriate freely, net of tax, over and above the USD 1 million cap. FEMA, DTAA and NRO rules explained.
NRI
FCNR(B) deposits let NRIs hold one-to-five-year fixed deposits in foreign currency, tax-free in India under Section 10(15)(iv)(fa) and fully repatriable with no USD 1 million cap.
NRI
FCNR(B) deposits let NRIs hold 1-to-5-year fixed deposits in USD, GBP or EUR, with interest exempt from Indian tax under Section 10(15)(iv)(fa) and full repatriation under FEMA 5(R).
Markets
The RBI's Third Amendment Directions of 25 August 2026 bring forward the end of the temporary rate-ceiling relaxation on NRE and FCNR(B) deposits from 30 September to 31 August 2026.
NRI
Returning to India? How RFC, RFC(Domestic) and EEFC accounts let a former NRI hold NRE and FCNR(B) balances in foreign currency, plus the RNOR tax window and repatriation rules.
Markets
The RBI has brought forward the end of its temporary NRI deposit-rate relaxation to 31 August 2026 from 30 September, restoring the standard ceiling on fresh 3-5 year FCNR(B) deposits.
NRI
NRE, NRO and FCNR(B) accounts differ on currency, tax and repatriation: NRE and FCNR interest is tax-exempt, while NRO interest is taxable and capped at USD 1 million a year to remit.
NRI
How the FCNR(B) scheme lets NRIs hold foreign-currency term deposits free of rupee exchange-rate risk, with the FEMA basis, India's Section 10(15)(fa) tax exemption, DTAA treatment abroad and full repatriation rules.
NRI
NRE, NRO and FCNR(B) accounts are taxed under different Income-tax Act sections and carry different FEMA repatriation limits. A verified guide to which account an NRI should open and why.
NRI
NRIs may remit up to USD 1 million per financial year from NRO balances, asset sales and inheritances under RBI's FEMA Remittance of Assets rules - after Indian tax and Forms 15CA and 15CB.
NRI
NRE, NRO and FCNR(B) accounts are governed by FEMA 1999 and RBI Master Direction 14/2015-16. Compare tax, TDS and the USD 1 million NRO repatriation limit for NRIs.
NRI
An NRI claiming DTAA relief needs a Tax Residency Certificate, an e-filed Form 10F and Form 67. Here is how Sections 90, 90A, 91 and the Rule 128 foreign tax credit actually work.
NRI
NRE, NRO and FCNR(B) accounts under FEMA 1999: which one is tax-free, how Section 195 TDS and DTAA rates work, and the USD 1 million per year NRO repatriation cap explained.
NRI
FCNR(B) is the one NRI deposit held in foreign currency, not rupees, so there is zero exchange risk. Here are the FEMA rules, the Section 10(15) tax exemption, and full repatriation.
NRI
The choice between an NRE, NRO or FCNR(B) account is really a choice under FEMA 5(R)/2016-RB. Here is how each account decides repatriation limits, TDS exposure and interest exemption for NRIs.
NRI
FCNR(B) deposits let NRIs hold savings in foreign currency, earn tax-free interest under Section 10(15)(iv)(fa), and repatriate principal and interest freely with no annual cap. Here are the FEMA, DTAA and tax rules.
NRI
NRE interest is tax-free, NRO interest is taxed at 31.2% under Section 195, and only NRO faces the USD 1 million repatriation cap. A FEMA and DTAA guide to the three NRI accounts.
NRI
NRO balances are remittable up to USD 1 million per financial year, but only after Indian tax clears. How the FEMA cap, Section 195 TDS, DTAA credit and Form 15CA/15CB fit together.
NRI
NRE, NRO and FCNR(B) accounts differ on who can open them, how India taxes the interest and how freely the balance repatriates. A statute-anchored guide under RBI Master Direction No. 14/2015-16.
NRI
FCNR(B) deposits let NRIs hold savings in foreign currency as a fixed deposit, earning India-tax-free interest u/s 10(15)(iv)(fa) with full repatriation and zero rupee exchange-rate risk.
NRI
NRE account interest is exempt under Section 10(4)(ii) and the balance is fully repatriable under FEMA. We explain the RBI rules, India and foreign tax, and how the NRO USD 1 million cap differs.
NRI
Returning to India for good? RBI rules let you move NRE and FCNR(B) balances into a Resident Foreign Currency account, with RNOR-era tax exemption on the interest. Here is how it works.
NRI
RBI rules on who can co-hold an NRE account, how a Power of Attorney may operate it, and the 1-to-5-year deposit tenure bands - read against FEMA, the Income-tax Act and India's tax treaties.
NRI
NRE, NRO and FCNR(B) accounts differ on currency, tax and repatriation. We map each to the RBI's FEMA Master Direction, the USD 1 million NRO cap and DTAA rates for FY 2025-26.
NRI
How FEMA Notification 5(R) governs NRO, NRE and FCNR(B) accounts for NRIs: which interest is tax-free in India, how DTAA caps NRO TDS, and the USD 1 million repatriation limit.
NRI
Side-by-side comparison of NRE, NRO and FCNR(B) accounts under FEMA Notification 5(R) — Section 10(4)(ii) exemption, USD 1 million NRO cap, and FCNR(B) currency-risk insulation.
