This bank revises NRE rates to 7.60%, FCNR rates to 7.40%
AU Small Finance Bank (AU SFB) has increased interest rates on both Foreign Currency Non-Resident (Bank) -FCNR(B)- fixed deposits (FDs) and Non-Resident External (NRE) FDs, effective July 27, 2026.
In June 2026, the Reserve Bank of India (RBI) announced that the government would bear the hedging cost on 3-5-year FCNR deposits. As a result, many banks increased interest rates on the same FCNR(B) FDs.The relaxation on the hedging cost will remain in force until September 30, 2026.
In June 2026, the Reserve Bank of India (RBI) announced that the government would bear the hedging cost on 3-5-year FCNR deposits. As a result, many banks increased interest rates on the same FCNR(B) FDs.The relaxation on the hedging cost will remain in force until September 30, 2026.
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