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Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
RBI Withdraws Seven Superseded FEMA Circulars, Mostly on External Commercial Borrowings
RBI's September 8, 2026 circular withdraws seven A.P. (DIR Series) circulars under FEMA, 1999 — five on External Commercial Borrowings, one on Money Transfer Service Scheme sub-agents, and one on rupee borrowing by non-residents — as part of an ongoing review of circulars issued since June 2000.
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
9 September 2026Eff. 8 September 202611 min
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
RBI Withdraws 732 Defunct FEMA Circulars Under Regulatory Rationalisation Drive (A.P. DIR Series Circular No. 18, 2026)
RBI has withdrawn 732 A.P. (DIR Series) circulars issued since June 2000 under FEMA 1999, covering ECB, FDI, LRS, NRI deposits, AML/KYC, and Exim Bank LoCs—all rendered redundant by subsequent amendments.
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
25 June 2026Eff. 24 June 202616 min
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
MandatoryRBI Mandates Daily Reporting of FCNR(B) Deposits, ECB and OFCB Mobilised Under Swap Facility — A.P. (DIR Series) Circular No. 15 Dated June 19, 2026
RBI's A.P. (DIR Series) Circular No. 15 dated June 19, 2026 directs all AD Category-I banks to submit daily reports on FCNR(B) deposits, ECBs and OFCBs mobilised under the Swap Facility circulars dated June 8, 2026, by 6 p.m. daily, with first reporting due June 22, 2026.
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
23 June 2026Eff. 19 June 202610 min