FCNR(B) Deposits
Posted On Wednesday, Sep 02, 2026
When investors discuss India’s external sector, the conversation usually revolves around foreign exchange reserves, the current account deficit (CAD), foreign portfolio flows, or remittances. Yet one instrument has repeatedly emerged during periods of external stress and assumes importance in policy circles: FCNR(B) deposits.
To many investors, FCNR(B) is simply a banking product available to Non-Resident Indians (NRIs). In reality, it occupies a unique position in India’s financial architecture
Warm regards,
Team Quantum Mutual Fund
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