New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the new ceiling for FCNR(B) deposit rates set

    by the RBI for the 1-3 years maturity period?
    A ARR + 200 bps Correct Answer Incorrect Answer
    B ARR + 300 bps Correct Answer Incorrect Answer
    C ARR + 400 bps Correct Answer Incorrect Answer
    D ARR + 500 bps Correct Answer Incorrect Answer
    E ARR + 600 bps Correct Answer Incorrect Answer

    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.

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