Tag: Adjusted Net Bank Credit

Finance Income Tax

RBI’s FCNR(B) and NRE Deposit Window Closes September 30, 2026: What NRIs and Their Advisers Must Do Now

CA Adityavikram Banka

RBI circular RBI/2026-27/232 of 7 August 2026 completes a four-part package making 3 to 5 year FCNR(B) and NRE deposits cheap for banks to hold. The mobilisation window shuts on 30 September 2026. Rates, tax treatment and the FEMA traps.