HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check details

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HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.