Renewal of FCNR(B) deposits as eligible for swap requires minimum tenor and lock in period under swap window. Only FCNR(B) deposits that are renewed on maturity for a minimum tenor of three years and that carry a lock in period of one year qualify as eligible ... Summary
Renewal of FCNR(B) deposits as eligible for swap requires minimum tenor and lock in period under swap window.
Only FCNR(B) deposits that are renewed on maturity for a minimum tenor of three years and that carry a lock in period of one year qualify as eligible deposits for undertaking a swap under the swap window for attracting FCNR(B) dollar funds.
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