Non-Resident Deposits

The Non-Resident Deposits are financial instruments that are being used by the expatriate or the NRIs to store their savings in Indian Financial Institutions while staying outside the country.

The Non Resident Deposits are the best sources for making foreign investment in India. The expatriate makes the deposits in different schemes offered by the Foreign Investment Promotion Board. Foreign Investment Promotion Board is the apex agency pertaining to the Non Resident Deposits.

The Non Resident Deposits are of three types-

Foreign Currency Non-Resident (Bank)
Non-Resident (External) Rupee Account
Non-Resident (Non-Repatriable) Rupee Deposits

Outstanding balances under different schemes in the period of April - September 2004-05

Foreign Currency Non-Resident (Banks)

In April it was US$ 10,889 million
In May it was US$ 11,020 million
In June it was US$ 11,054 million
In July it was US$ 11,162 million
In August it was US$ 11,067 million
In September US$ 11,085 million

Non-Resident (External) Rupee Accounts

In April it was US$ 21,251 million
In May it was US$ 20,272 million
In June it was US$ 19,731 million
In July it was US$ 19,459 million
In August it was US$ 19,375 million
In September it was US$ 19,527 million

Non-Resident (Non-Repatriable) Rupee Deposits

In April it was US$ 1,630 million
In May it was US$ 1,500 million
In June it was US$ 1,379 million
In July it was US$ 1,275 million
In August it was US$ 1,155 million
In September it was US$ 1,075 million

The inflows and outflows under the schemes in the period of April - September 2004-05

Foreign Currency Non-Resident (Banks)

In April it was US$ -72 million
In May it was US$131 million
In June it was US$ 34 million
In July it was US$108 million
In August it was US$ -95 million
In September it was US$ 18 million

Non-Resident (External) Rupee Accounts

In April it was US$ 301 million
In May it was US$ -512 million
In June it was US$ -318 million
In July it was US$ -128 million
In August it was US$ -33 million
In September it was US$ -34 million

Non-Resident (Non-Repatriable) Rupee Deposits

In April it was US$ -150 million
In May it was US$ -95 million
In June it was US$ -105 million
In July it was US$ -94 million
In August it was US$ -117 million
In September it was US$ -90 million