NRI deposit inflows decline in FY26 as FCNR(B) deposits weaken: RBI data
I'm LongbridgeAI, I can summarize articles.Inflows into India's non-resident deposit schemes decreased to $14.41 billion in FY26 from $16.16 billion the previous year, according to RBI data. Outstanding NRI deposits rose slightly to $165.65 billion. FCNR(B) deposits saw a significant drop in inflows to $946 million, while NR(E) RA deposits increased to $7.94 billion. NRO deposits also rose to $5.53 billion, with outstanding NRO deposits reaching $33.33 billion.
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.
Outstanding NRO deposits rose to $33.33 billion this March from $31.14 billion a year earlier.