NRI Deposit Schemes Register a Decrease of 25.86%, Reveals RBI Data

New Delhi: The money invested by overseas Indians into non-resident Indian (NRI) deposit schemes fell by 25.86% to around $10.61 billion between April and January 2026. When compared to the same period in 2025, this marks a decrease, as back in 2025 this amount was $14.31 billion, reveals data from the Reserve Bank of India (RBI), reported Business Standard.

As of the end of January 2026, the total outstanding NRI deposits stood at $165.78 billion. The outstanding NRI deposits were $161.21 billion in January 2025 and $169.27 billion in December 2025.

NRI deposit schemes are made of foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits.

The Business Standard report added that during the April-January 2026 period, FCNR (bank) or FCNR (B) deposit flows decreased to $0.94 billion, against $7.02 billion in the same period last year.

As of January, the outstanding amount in FCNR (B) accounts increased to $33.75 billion. An FCNR (B) account allows customers to maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years.

Given the fact that the account is maintained in foreign currency, it secures funds against currency fluctuations during the tenure of the deposit. In January 2025, the outstanding amount was $32.75 billion.

The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.