https://www.taxtmi.com/circulars?id=6388 Consolidates RBI directives governing interest on rupee deposits in Domestic, NRO and NRE accounts: classification, definitions, minimum tenors (domestic/NRO seven days; NRE normally one to three years), board approval for rates, NRE ceilings linked to LIBOR/SWAP, payment and calculation conventions, rules on premature withdrawal and conversions, limits on loans against NR(E)RA/FCNR(B) deposits, disclosure and rounding rules, specified exemptions and explicit prohibitions on discriminatory pricing, commission payments and prize-linked mobilisation schemes. en-us Wed, 01 Jul 2009 00:00:00 +0530 Fri, 22 Aug 2025 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6388 Consolidates RBI directives governing interest on rupee deposits in Domestic, NRO and NRE accounts: classification, definitions, minimum tenors (domestic/NRO seven days; NRE normally one to three years), board approval for rates, NRE ceilings linked to LIBOR/SWAP, payment and calculation conventions, rules on premature withdrawal and conversions, limits on loans against NR(E)RA/FCNR(B) deposits, disclosure and rounding rules, specified exemptions and explicit prohibitions on discriminatory pricing, commission payments and prize-linked mobilisation schemes. Circulars FEMA Wed, 01 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6388