The Reserve Bank opened a special swap window in June. Banks now pay much more on dollar deposits, with some lenders offering close to 7 per cent a year on FCNR(B) deposits, tax free in India, and the window shuts on 30 September 2026. Gulf NRIs are moving money fast. <\/p>\n
The appeal is easy to see. You earn in dollars and get repaid in dollars, so a weaker rupee cannot eat your returns. Compare that with equity or debt funds here, where currency swings and market falls both bite. Safety plus a good rate beats uncertainty for many savers.<\/p>\n
Balance still matters. These deposits run three to five years with no exit in the first year, so treat them as your safe bucket and nothing more. Long term wealth still comes from equities and India’s growth. So park surplus dollars here, but keep your SIPs running.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reserve Bank opened a special swap window in June. Banks now pay much more on dollar deposits, with some lenders offering close to 7 per cent a year on FCNR(B) deposits, tax free in India, and the window shuts on 30 September 2026. Gulf NRIs are moving money fast. The appeal is easy to… Read More »Why are Gulf NRIs choosing dollar deposits over India focused funds this year<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154],"tags":[],"class_list":["post-4904","post","type-post","status-publish","format-standard","hentry","category-currency"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=4904"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4904\/revisions"}],"predecessor-version":[{"id":4905,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/4904\/revisions\/4905"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=4904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=4904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=4904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}