Question
What is the new ceiling for FCNR(B) deposit rates set
by the RBI for the 1-3 years maturity period?Solution
The RBI has raised the interest rate ceiling for FCNR(B) deposits to ARR + 400 basis points (bps) for the 1-3 years maturity period, with the new rules valid until March 31, 2025. This is part of the RBI's strategy to attract capital inflows.
Who has been permitted to remit advance payment on behalf of Qualified Jewellers for import of gold through India International Bullion Exchange IFSC Lt...
In January 2023, Which Indian Railway station was awarded the 'Green Railway Station Certificate' with the highest Platinum rating?
Which individual of Uttarakhand was honored with the title 'Companion of India' by the British?
Consider the following statements:
1.An upward slope is obtained if the yields for different tenures of bonds are mapped.
2.When yields fo...
Which institution has the National Payments Corporation of India (NPCI) partnered with through a long-term agreement to collaborate on research concerni...
Who were the awardees in Physical Sciences (Shanti Swaroop Bhatnagar Prize) for the year 2022?
Where is the Indian folk and tribal art exhibition 'Hunar' currently being held?
Which nationwide campaign has been launched in honour of the martyred brave soldiers of the country?
How many low-performing districts will be targeted under the PMDDKY?
Recently, which IIT has done the first national level mapping of soil erosion?
Relevant for Exams:
