Summary:

According to RBI data, overseas Indians deposited approximately $3 billion into NRI deposit schemes during April and May of FY25, marking a more than fourfold increase from the previous year. Inflows during this period reached $2.72 billion, up from $623 million the previous year. By May, the total outstanding NRI deposits had risen to $154.72 billion. Notably, inflows in May alone totaled $1.7 billion, up from $1.07 billion in April.

During April-May FY25, significant inflows occurred into NRI deposit schemes such as FCNR, NRE, and NRO. NRE deposits attracted $1.13 billion, up from an outflow of $10 million the previous year, increasing the total to approximately $100 billion. FCNR deposits rose to $1.10 billion, bringing the total to $26.8 billion. NRO deposits saw inflows of $481 million, up from $109 million, resulting in a total of $28 billion.

Source: IBEF 

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