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RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex

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

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The HinduLean L·2h ago
RBI allows banks to offer higher interest rates to NRIs/PIOs to mobilise forex
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
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