NRI deposits surge by 40.8% to $14.31 billion in April-January FY25, says RBI bulletin

RBI bulletin March 2025

Non-Resident Indian (NRI) deposits saw a significant rise during April-January 2024-25, with inflows reaching $14.31 billion, marking a 40.8 percent increase compared to $10.16 billion in the same period last year, as per the latest Reserve Bank of India (RBI) bulletin for March 2025.

The overall outstanding NRI deposits stood at $161.21 billion as of January 2025, which is a substantial increase from $151.87 billion recorded in January 2024.

Within this category, Foreign Currency Non-Resident Bank [FCNR(B)] deposits registered the highest growth, with inflows rising to $7.02 billion in April-January 2024-25 from $4.15 billion during the corresponding period last year.

The outstanding FCNR(B) deposits reached $32.75 billion in January 2025, up from $25.73 billion in the year ago period.

Non-Resident (External) Rupee Account [NR(E)RA] deposits also witnessed an upward trend, with inflows increasing to $3.71 billion during April-January 2024-25, compared to $2.69 billion in the same period of the previous fiscal year.

The outstanding NR(E)RA deposits reached $98.49 billion in January 2025, rising from $98.62 billion in January 2024.

Non-Resident Ordinary (NRO) account deposits saw a modest increase, with inflows amounting to $3.58 billion in the April-January period of FY25, up from $3.32 billion a year earlier.

The outstanding NRO deposits stood at $29.96 billion in January 2025, compared to $27.52 billion in January 2024.