NRI deposits in Indian banks surged by 23.3% to $14.55 billion between April 2024 and February 2025, according to RBI data. FCNR(B) accounts led the increase, reaching $32.49 billion, offering currency fluctuation hedges. NRE deposits also saw significant growth, totaling $97.93 billion, facilitating money transfers to India. NRO deposits experienced a slight rise, reaching $29.