GENERAL27 Sept 2026
NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data
NRI deposits into India jumped more than six times to $36.2 billion during April-July FY27, with FCNR(B) flows alone at $34.53 billion. Outward remittances under the Liberalised Remittance Scheme rose 4.7 per cent to $9.37 billion. Outstanding NRI deposits touched $200.89 billion by end-July 2026. If you send money abroad or hold NRI deposits, keep an eye on rates and record your remittances properly.
Key Statutory Highlights
- NRI deposit flows rose over six times to $36.2 billion in April-July FY27.
- FCNR(B) deposit flows reached $34.53 billion, and outward remittances under the Liberalised Remittance Scheme grew 4.7 per cent year-on-year to $9.37 billion.
- Total outstanding NRI deposits stood at $200.89 billion as of the end of July 2026.
Actionable Advice for Taxpayers / Founders:If you hold NRI deposits or send money abroad under the Liberalised Remittance Scheme, review your current rates and keep clear records of each transfer. Check with your CA before large remittances, as tax treatment can vary by case.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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