What changed
- Fresh FCNR(B) deposits of minimum 3 years and maximum 5 years tenor mobilized (including renewals) by Regional Rural Banks from June 8, 2026 to September 30, 2026 are exempt from CRR and SLR
- CRR exemption applies from reporting fortnight beginning July 1, 2026
- Exemption on reserves maintenance is available for original deposit amounts till such time deposits are held in bank books
What it means for you
- Regional Rural Banks can mobilize fresh FCNR(B) dollar funds without maintaining CRR and SLR for the original deposit amounts
- Exemption applies to deposits mobilized between June 8, 2026 and September 30, 2026
- Banks must maintain CRR and SLR for other deposits as per existing directions
What you must do
- Mobilize fresh FCNR(B) dollar funds of 3-5 years tenor between June 8, 2026 and September 30, 2026
- Include deposits renewed upon maturity
- Comply with RBI's FCNR(B) guidelines and other CRR/SLR requirements
Who it affects
Regional Rural Banks
What is the exemption period for fresh FCNR(B) deposits?
Deposits mobilized between June 8, 2026 and September 30, 2026 are exempt. CRR exemption starts from the reporting fortnight beginning July 1, 2026.
What deposits are exempt from CRR and SLR?
Fresh FCNR(B) deposits of minimum 3 years and maximum 5 years tenor mobilized (including renewals) by Regional Rural Banks from June 8, 2026 to September 30, 2026.