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

Last Updated on 05/07/2011