FCNR [B] deposits– Queries [1] Whether NRO-NRE balances can be routed into FCNR [B] deposits.? [2] Whether Premature closure NRI deposits for investments in dollar deposits is allowed ? [3] Issues like EXTENSION of stand by letter of credit [ SBLC ] to their FCNR[B] deposit customers so that they can approach select foreign banks for loans against the SBLC — News Courtesy BusinessLine

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