Direct Answer
FCNR (B) and NRE term deposits are foreign currency and external rupee accounts maintained by Non-Resident Indians. The RBI mandates specific reserve and PSL requirements against bank liabilities
| Domestic / Resident Deposits | Fully subject to PSL targets | 40% to 75% must be routed to PSL |
| Fresh FCNR(B) & NRE Term Deposits | Exempted from PSL (Aug 2026) | 100% can be used for commercial lending |