It’s from you. Or your uncle in Dubai. Or your cousin in Singapore. Non-resident Indians are quietly stepping up to fund India’s foreign exchange needs through FCNR(B) deposits, with banks offering juicy, uncapped returns and the RBI backing every dollar with a swap. The window closes Sept 30; and banks are racing to tap diaspora savings before then. While PSUs watch and wait, big-ticket ECB and OFCB schemes will pick up later in Q4. Why does this matter? Because every dollar coming in helps prop up the rupee amid global volatility. And yes, AI is now part of the pitch; RBI Governor Sanjay Malhotra told banks to use tech to reach NRIs faster, smarter, and safer. But here’s the catch: the 2013 playbook doesn’t work anymore. Interest rate gaps have shrunk. Tax rules abroad have changed. So banks are now targeting UAE and other tax-efficient hubs. GIFT City? It’s in the game; but borrowing there still costs more than London or Singapore. If you’re an NRI, this might be the best time in years to park your foreign savings in India; with the RBI’s stamp of guarantee. The real story? India’s forex safety net is now being knitted together by NRIs, one deposit at a time.