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RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange

NRI News

27 Feb 2026 19:16 PM 9 views

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange

NRI News

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RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

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One Battle After Another Dominates Critics Choice Awards 2026

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#marketalignment

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

RBI Steps in as Banks Scale Back JPY-linked Special Deposits for NRIs

Budget-Friendly DIY Home Improvement Projects

The Link Between AI and Traditional Indian Music Innovation

Ranji Trophy Final Day 3 Live Updates: Karnataka vs Jammu and Kashmir

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Can Robots Teach Sanskrit? Exploring AI and Language Preservation

JioHotstar Announces ₹4,000 Crore Investment to Expand South India Content

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