Non-resident Indians are excited by an RBI-enabled dollar deposit scheme. It offers significant double-digit returns by leveraging funds nine times, with RBI absorbing rupee depreciation risk. This initiative helps India attract dollars. However, the author cautions that such an opening risks tempting "round-trippers" to exploit loopholes for illicit wealth transfers. Vigilance is paramount to prevent residents from using this scheme to circumvent capital controls, as such "sneaky efforts" must be foiled to uphold financial integrity and regulatory goals.