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Bank Advances Against Fixed Deposits Soar 43% Year-on-Year in August: RBI Data
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News18•30-09-2026, 21:00
Bank Advances Against Fixed Deposits Soar 43% Year-on-Year in August: RBI Data
- •Bank credit against fixed deposits, including FCNR(B) and NRNR deposits, surged 43.2% year-on-year to Rs 2.04 lakh crore by August 31, 2026.
- •This rise significantly outpaced the overall bank credit expansion of 19.1% year-on-year to Rs 223.88 lakh crore.
- •Advances against fixed deposits allow customers to access funds without prematurely breaking their deposits.
- •The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB), and External Commercial Borrowings (ECBs) attracted total inflows of USD 143.596 billion by September 18.
- •FCNR(B) deposits, which shield depositors from direct rupee exchange-rate risk, accounted for USD 132.980 billion of these inflows.
Key Questions Answered
Bank credit against fixed deposits rose by 43.2 per cent year-on-year to reach Rs 2.04 lakh crore as of August 31, 2026, compared to Rs 1.43 lakh crore a year earlier.
Total inflows under the special facility stood at USD 143.596 billion, with FCNR(B) deposits accounting for USD 132.980 billion, OFCBs contributing USD 5.320 billion, and ECBs amounting to USD 5.296 billion.
The special USD-INR forex swap facility scheme remains open until December 31, 2026, for external commercial borrowings and overseas foreign currency borrowings.
