FCNR Deposits from Indian Diaspora in UAE See Significant Inflow

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economy

1 August 2026 at 9:36 am

FCNR Deposits from Indian Diaspora in UAE See Significant Inflow

HyperFast News

Summary

The UAE is leading in India's special FCNR(B) deposit scheme, attracting significant interest from the Indian diaspora with enticing dollar rates and tax incentives, with over ten billion dollars already sourced from the region.

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