RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
As per the directions interest rates on NRE/NRO deposits will not be higher than those offered by the bank on comparable domestic rupee term deposits
Key Facts
Type Policy
Source The Hindu - Business
Published Wednesday, 17 June 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right