NRI deposit inflows dip to $4.7 billion in April-July, shows RBI data

The flow of money from overseas Indians into non-resident Indian (NRI) deposit schemes moderated to $4.7 billion during the April–July 2025 period from $5.8 billion in the same period last year, latest data from the Reserve Bank of India (RBI) showed.

 

This decline was primarily because of reduced inflows into Foreign Currency Non-Resident (Bank) [FCNR (B)] deposits.

 

According to the data, outstanding NRI deposits stood at $167.86 billion at the end of July 2025, down from $168.32 billion a year ago.

 

NRI deposit schemes include Foreign Currency Non-Resident (FCNR) deposits, Non-Resident External (NRE) deposits, and Non-Resident Ordinary (NRO) deposits. 

 

As much as $772 million flowed into FCNR (B) accounts in April–July 2025, down from $2.8 billion in April–July 2024. The outstanding amount in FCNR (B) accounts stood at $33.58 billion at the end of July 2025.

 

Meanwhile, NRE deposits saw an inflow of $2.41 billion in April–July 2025, compared to $1.78 billion in April–July 2024. Outstanding NRE deposits stood at $102.02 billion in July 2025.