In an unexpected turn of sorts from the usual trend, the inflow into NRI deposit schemes from overseas Indians saw a decline in the April–July 2025 period, according to the latest data from the Reserve Bank of India (RBI).

From $5.8 billion in the same period last year, the flow of money had reduced to $4.7 billion. A comparatively low inflow into Foreign Currency Non-Resident (Bank) – FCNR (B) – deposits is said to be the reason for the decline.

The data revealed that outstanding NRI deposits at the end of July 2025 was $167.86 billion; it was $168.32 billion last year.

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

In April–July 2025, FCNR (B) accounts recorded an inflow of $772 million; it was $2.8 billion in the same period a year ago. At the end of July 2025, the outstanding amount in FCNR (B) accounts stood at $33.58 billion.

On the other hand, NRE deposits reflected an increase in inflows, recording $2.41 billion in April–July 2025, when compared to $1.78 billion last year. In July 2025, the outstanding NRE deposits stood at $102.02 billion. – editor@nrifocus.com