Uploaded August 2026 | Updated September 2026, 2 weeks ago

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On August 5, during his post-policy press conference, RBI governor Sanjay Malhotra was asked directly about the potential early termination of the central bank’s special NRI deposit scheme, given the substantial inflow of funds. His response was unequivocal: there was no proposal to terminate the scheme prematurely. However, nine days later, on August 14, the RBI moved the deadline for new deposits under the scheme up by one month, from September 30 to August 31. ThePrint Consulting Editor (Economics) Bidisha Bhattacharya explains: #Economix
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