FY26 NRI deposits declined to $14.4 billion: RBI’s monthly bulletin

Inflows into India’s non-resident deposit schemes moderated in 2025-26 (FY26), while outstanding deposits remained lower in March from the previous month, the Reserve Bank of India (RBI) data showed.

Flows into non-resident Indian (NRI) deposits stood at $14.41 billion in FY26, compared with $16.16 billion in the previous financial year, according to RBI data. 

Outstanding NRI deposits stood at $165.65 billion at end of March this year, as against $164.68 billion at the end of last March.

Among deposit schemes, Foreign Currency Non-Resident (Bank) or FCNR(B) deposits recorded inflows of $946 million in FY26, sharply lower than $7.08 billion in the previous financial year. Outstanding FCNR(B) deposits stood at $33.76 billion this March, compared with $33.72 billion a month earlier and $32.81 billion a year earlier.

Non-Resident External Rupee Account, or NR(E)RA, deposits recorded inflows of $7.94 billion during FY26, higher than $4.71 billion in the previous year.

Outstanding NR(E)RA deposits stood at $98.56 billion this March, down from $99.77 billion at February-end, and lower than $100.73 billion in last March.

NRO deposits saw inflows of $5.53 billion in FY26, compared with $4.37 billion a year earlier.