# Banks offer NRIs up to 29x leverage on FCNR deposits 2026-08-15T08:50:23+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Banks are offering non-resident Indians leverage of up to 29 times their own capital for investments in FCNR(B) deposits under a special Reserve Bank of India framework, ETBFSI reports. Most banks offer around 9 times leverage, while select private and foreign banks offer 12 to 15 times and 19 to 29 times, respectively. At a 6.45% deposit rate and 5.75% borrowing cost, CareEdge Ratings estimates that 9x leverage could lift returns on an investor’s capital to 12.75%, while 29x leverage could take it to 26.75%. The outcome depends on the interest-rate spread. FCNR(B) mobilisation reached $52.3 billion by August 13. The framework gives eligible deposits a zero-cost hedge on principal, while banks bear hedging costs on interest payments. ## Coverage - bfsi.economictimes.indiatimes.com Tags: CareEdge Ratings, FCNR(B), RBI, United States Treasury Canonical: https://indianopinion.org/banks-offer-nris-up-to-29x-leverage-on-fcnr-deposits/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/banks-offer-nris-up-to-29x-leverage-on-fcnr-deposits/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.