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Flows into NRI deposits grow multi-fold to $2.14 billion in first quarter

The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23.

The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data.

RBI released the updated data in the bulletin after almost three months. ....

Non Resident Indians , Reserve Bank , President External , Non Resident Ordinary , Business News , Usiness News India , Ndia Business News , Ndian Economy News , Ndian Financial News ,

NRI Banking And The Services It Offers

NRI Banking And The Services It Offers: FCNR Accounts help NRIs deposit their salaries in foreign currency in an Indian account. These accounts are not taxable ....

President Indian , Non Resident Ordinary , Indian Rupees , President External , One Swipe Pay ,

This bank offers the best NRI investment options

To ensure smooth transactions across countries as a non-resident Indian (NRI), there are a few things that you should know. ....

President Ordinary , President External ,