Banking and RBI
RBI exempts fresh FCNR(B) deposits from CRR and SLR till 30 September 2026
9 June 2026 | ANI and News18
ANI reported on 9 June 2026 that the RBI exempted fresh FCNR(B) deposits mobilised by banks from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements, to facilitate foreign currency inflows under the announced US Dollar-Rupee swap facility. Four separate notifications were issued for commercial banks, small finance banks, rural co-operative banks and regional rural banks.
The exemption applies to fresh FCNR(B) deposits of minimum three and maximum five years tenor raised up to 30 September 2026. News18 reported it comes into force with immediate effect. The RBI notifications themselves were not read for this edition, so details are attributed to these outlets.
Key facts- Exempt from: CRR and SLR
- Deposits: fresh FCNR(B), tenor 3 to 5 years
- Raised up to: 30 September 2026
- Linked to: USD-INR swap facility (5 June announcement)
Exam takeaway: CRR and SLR are the reserve and liquid-asset requirements banks must maintain.
Quick revision: RBI: fresh FCNR(B) deposits exempt from CRR and SLR till 30 Sep 2026 (ANI/News18).
ANI and News18 original sourceBanking and RBI
RBI: redemption price for premature redemption of SGB 2019-20 Series VII
9 June 2026 | Reserve Bank of India
An RBI press release of 9 June 2026 says premature redemption of Sovereign Gold Bond 2019-20 Series VII (issued 10 December 2019) is due on 10 June 2026, as redemption is permitted after the fifth year on an interest payment date.
The redemption price is Rs 15,275 per unit, based on the simple average of the closing price of 999-purity gold published by IBJA for the three business days of 5, 8 and 9 June 2026.
Key facts- Tranche: SGB 2019-20 Series VII (issued 10 Dec 2019)
- Premature redemption date: 10 June 2026
- Price: Rs 15,275 per unit
- Basis: 3-day simple average of IBJA 999 gold close
Exam takeaway: SGB premature redemption is allowed after the fifth year, on interest payment dates.
Quick revision: SGB 2019-20 Series VII: redemption price Rs 15,275 on 10 June 2026 (RBI).
Reserve Bank of India original sourceBanking and RBI
RBI consolidates instructions on withdrawal of pre-2005 banknotes
9 June 2026 | Reserve Bank of India
An RBI circular of 9 June 2026 consolidates instructions on the withdrawal of old series banknotes issued prior to 2005. It recalls that the 2014 decision was to withdraw them completely, and that from 1 July 2016 exchange is available only at the 19 RBI Issue Offices.
Banks must ensure pre-2005 notes are not re-issued through ATMs or counters, and must sort them and deposit them in currency chests or send them to the nearest RBI Issue Office. The circular lists earlier related notifications and whether they are withdrawn or in vogue.
Key facts- Circular: RBI/2026-27/108, 9 June 2026
- Pre-2005 notes: exchange only at 19 RBI Issue Offices (since 1 July 2016)
- Banks: do not re-issue such notes
- Nature: consolidation of earlier instructions
Exam takeaway: Banknotes withdrawn from circulation by RBI policy follow dedicated exchange instructions.
Quick revision: RBI consolidated instructions on pre-2005 banknotes, 9 June 2026.
Reserve Bank of India original source