New Delhi, May 26 -- Concerns about non-resident Indians (NRIs) withdrawing money from India have been gaining traction recently, especially after the Reserve Bank of India released data earlier this week showing a slowdown in inward remittances from NRIs into Indian bank accounts. However, a closer look at the numbers presents a very different picture.

While fresh inflows into total NRI deposits (FCNR, NRE and NRO combined) slowed down in April-March 2025-2026 compared to the same period in 2024-25, the total outstanding NRI deposit balances still remained higher on a year-on-year basis. In fact, NRE inflows have increased sharply during this period, while NRO deposits have also reported growth. The moderation in overall inflows was lar...