Minimum tenure: 1 year Maximum tenure: 5 years
Rate of Interest: LIBOR/SWAP rates + 200 bps for tenure between 1 to less than 3 yrs & LIBOR/SWAP rates + 400 bps for tenure between 3 to 5 yrs (as fixed by RBI from time to time)
Master Circular on Non-Resident Ordinary Rupee (NRO) Account
Master Circular of instructions relating to deposits held in FCNR (B) Accounts
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) DepositsRead More
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Author of two best sellers:
He also writes weekly columns for about a dozen financial papers.
Mr. Shanbhag has set up software divisions of