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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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