India's FCNR deposit scheme has attracted over $17 billion from overseas Indians, offering double-digit returns via leveraged bank packages. RBI bears currency risk and waives taxes, making these deposits highly appealing. While a vital stop-gap for forex scarcity, the article points out a stark disparity with domestic savers. They face lower returns, taxes, and inflation, often driving them to riskier investments. The author stresses the need to consider resident savers' finances, highlighting an imbalance where foreign inflows are prioritized, despite the scheme's temporary nature.