Summary:

NRI deposit inflows surged by 23% during the first 11 months of FY25, according to the Reserve Bank of India (RBI). Between April 2024 and February 2025, NRI deposits increased by Rs. 1,24,388 crore (US$ 14.55 billion), compared to Rs. 1,00,878 crore (US$ 11.8 billion) the previous year. The total outstanding NRI deposits at the end of February 2025 were Rs. 13,70,661 crore (US$ 160.33 billion), despite a modest sequential dip. FCNR deposits attracted the most inflows.

According to RBI data, Rs. 57,706 crore (US$ 6.75 billion) flowed into FCNR (B) accounts between April 2024 and February 2025, up from Rs. 47,276 crore (US$ 5.53 billion) the previous year. By February 2025, outstanding FCNR (B) deposits had reached Rs. 2,77,757 crore (US$ 32.49 billion). NRE deposits saw inflows of Rs. 34,281 crore (US$ 4.01 billion), up from Rs. 22,484 crore (US$ 2.63 billion) the previous year. Outstanding NRE deposits totaled Rs. 837,204 crore (US$ 97.93 billion).

Source: IBEF

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