The Reserve Bank of India (RBI) data reveals that overseas Indians deposited $4 billion in non-resident Indian (NRI) deposit schemes between April and June of 2024-25, a 79 per cent increase over the previous year. These schemes include non-resident ordinary (NRO) deposits, non-resident external (NRE) deposits, and foreign currency non-resident (FCNR) deposits. Our Partner (Head-Taxation) S R Patnaik shares his views on this in an article published by Business Standard. (Photo Credit: Business Standard)
