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Reserve Bank of India
RBI Extends NRI/PIO Certified-Copy KYC Facility to FPIs Across All Bank Categories
RBI has issued six parallel Amendment Directions, 2026 — covering Commercial, Small Finance, Local Area, Regional Rural, Urban Co-operative and Rural Co-operative Banks — extending the alternative certified-copy KYC verification route, so far available only to NRIs and PIOs, to Foreign Portfolio Investors as well. Effective immediately from 18 September 2026.
Reserve Bank of India
18 September 2026Eff. 18 September 202613 min
oreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026
RBI Issues Foreign Exchange Management (Deposit) Sixth Amendment Regulations, 2026 — SNRR Account Norms Eased
RBI's Sixth Amendment to the FEMA Deposit Regulations, 2026 (effective June 18, 2026) drops the "business interest in India" test for SNRR accounts, permits NRO-to-SNRR transfers, and removes several operational conditions in Schedule 4. Affects AD banks, NRIs, OCIs and foreign entities.
oreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026
30 June 2026Eff. 18 June 202614 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RBI has withdrawn 732 A.P. (DIR Series) circulars issued since June 2000 under FEMA 1999, covering ECB, FDI, LRS, NRI deposits, AML/KYC, and Exim Bank LoCs—all rendered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
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026
MandatoryFEMA 395(4)/2026-RB: NRI/OCI Investment Payment Rules Amended — NRO Accounts Permitted for NPS, Designated Rupee Account Mandated
RBI issued FEMA 395(4)/2026-RB on June 13, 2026 amending Mode of Payment for NRI/OCI investments. Key changes: NRO accounts now permitted for NPS subscriptions, designated repatriable rupee account required for Schedule III, and LEC (IFI) reporting updated.
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026
23 June 2026Eff. 13 June 202615 min
RBI
RBI Grants CRR & SLR Exemption on Fresh FCNR(B) Deposits: Five June 2026 Notifications Explained
The RBI has issued five Amendment Directions dated June 8, 2026 granting CRR and SLR exemptions on fresh US Dollar FCNR(B) deposits of 3–5 year tenor mobilised between June 8 and September 30, 2026. The measure aims to attract NRI deposits, strengthen forex reserves, and support rupee stability.
10 June 202625 min