New Delhi, January 30, 2026
Non-Resident Indian (NRI) deposits in Indian banks surged to a record high of USD 16.16 billion during the financial year 2024–25, according to the latest data from the Reserve Bank of India (RBI). This marks the largest inflow of NRI funds in over a decade, reflecting increased confidence among the Indian diaspora in domestic banking opportunities.
The breakdown shows that Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, which protect NRIs from currency fluctuations, increased by 11% year-on-year to USD 7.1 billion. Non-Resident External (NRE) accounts recorded inflows of USD 4.7 billion, while Non-Resident Ordinary (NRO) accounts contributed USD 4.4 billion.
“The rise in NRI deposits demonstrates a strong preference for safe, rupee- and foreign currency-denominated banking products, especially as global interest rates fluctuate,” said a senior banking analyst.
Why This Matters for NRIs
Experts suggest that the trend could benefit NRIs looking for stable returns in India. While FCNR(B) deposits safeguard against currency risks, NRE and NRO accounts provide flexibility for repatriation and rupee-based returns. Financial planners recommend that NRIs consider a mix of accounts based on their long-term goals and risk tolerance.
Context and Analysis
The increase in NRI deposits comes amid stable regulatory policies and relatively higher domestic interest rates compared to many global economies. Analysts note that as the Indian economy continues to grow, NRIs are increasingly seeing Indian banks as both secure and profitable avenues for saving and investment.
This trend highlights not only the confidence of the Indian diaspora in domestic banking but also the importance of strategic financial planning in an evolving global economic environment.
Author: Rajeev
Last Updated: January 30, 2026
