Inflows in NRI deposits moderate to $ 751 mn in April, shows RBI data

Inflows into NRI accounts fell to $751 million in April 2025 from $1.07 billion a year ago, but total deposits rose to $165.43 billion, RBI data shows

Inflows into non-resident Indian (NRI) accounts in banks moderated to $751 million in April 2025 from $1.07 billion in April 2024, according to Reserve Bank of India (RBI) data. Inflows to NRI deposit schemes rose to $16.16 billion in FY25 from $14.70 billion in FY24.

 

Total outstanding NRI deposits reached $165.43 billion at the end of April 2025, up from $153 billion a year ago. Sequentially, outstanding deposits stood at $164.67 billion in March 2025.

 

NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits and non-resident ordinary (NRO) deposits.

 

 

As much as $272 million flowed into FCNR (B) accounts in April 2025, down from $483 million in April 2024. The outstanding amount in FCNR (B) accounts stood at $33.08 billion at the end of April 2025.

 

Meanwhile, NRE deposits recorded an inflow of $376 million in April 2025, compared to $564 million in April 2024. Outstanding NRE deposits stood at $101.11 billion in March 2025.

 

NRO deposits saw inflows of $103 million in April 2025, up from $31 million a year ago. The total outstanding amount in NRO deposits was $31.23 billion in March 2025.