A number of banks, along with Government Financial Corporation of India, HDFC Financial Corporation and ICICI Financial Corporation See the fees charged on international forex deposits (non-residents) after the central financial institution eased international financing guidelines to support foreign exchange inflows.
In July of this year, the Reserve Bank of India introduced a large number of measures to diversify and increase sources of foreign exchange funding in a bid to mitigate volatility and limit international repercussions. As part of the central financial institution's new measures, international traders can now put their money into the company's short-term debt. In addition, the Reserve Bank of India (RBI) has allowed foreign investment institutions to purchase additional authority securities under the fully accessible path. Legal Liquidity Ratio (SLR). This recreation shall be available for deposits mobilized until November 4, 2022. However, transfers from non-resident (Non-ordinary) (NRO) accounts to NRE accounts will not be eligible for recreation.