https://www.taxtmi.com/circulars?id=5240 Interest on FCNR (B) deposits with AD Category-I UCBs shall be payable within a ceiling equal to the applicable LIBOR/SWAP benchmark rate minus a reduced margin; floating rate deposits are capped against the applicable SWAP rate minus the same margin, with interest resets every six months. All other terms and conditions of FCNR (B) deposits remain unchanged. en-us Fri, 19 Sep 2008 00:00:00 +0530 Wed, 24 Sep 2008 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5240 Interest on FCNR (B) deposits with AD Category-I UCBs shall be payable within a ceiling equal to the applicable LIBOR/SWAP benchmark rate minus a reduced margin; floating rate deposits are capped against the applicable SWAP rate minus the same margin, with interest resets every six months. All other terms and conditions of FCNR (B) deposits remain unchanged. Circulars FEMA Fri, 19 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5240