NRI deposits surge to $3 billion in early FY25, reveals RBI data
FCNR deposits saw an inflow of over $1.10 billion, up from $524 million a year ago, bringing the total outstanding
NRI deposits surge by 63.5% to $14.7 billion in FY24, marking an eight-year high
The figures for FY24 are provisional, reflecting a robust upward trend in NRI deposits, driven by significant inflows into FCNR
Record surge as NRI deposits skyrocket by 84.4% to $11.8 billion in April 2023-February 2024
This substantial rise marks a significant jump from the $6.40 billion recorded in the corresponding period of the previous year
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NRIs deposits top $8 bn mark
Bankers said inflows rose due to facilities like easing limits on interest rates. In July last year, the RBI took
NRI deposits shoot to $5 bn between April 2022 and January 2023
Non-resident Indian (NRI) bank accounts received USD 5.95 billion from April 2022 to January 2023, more than doubling the USD