What changed
RBI revised Form FC-GPR to capture FDI details comprehensively, splitting it into Part A (filed via AD bank within 30 days of share issue) and Part B (annual report submitted directly by company by June 30). AD banks must now obtain a KYC report from the overseas remitting bank for the foreign investor.
What it means for you
Banks must ensure timely submission of Part A to RBI and verify KYC from overseas banks. The dual-part structure increases compliance burden on companies and AD banks, requiring careful coordination. Non-compliance could delay FDI reporting and attract regulatory scrutiny.
What you must do
- Update internal systems to accept the revised FC-GPR form with Part A and Part B.
- Train staff to obtain KYC report from overseas remitting bank for each FDI remittance.
- Ensure Part A is filed with RBI within 30 days of share issue, with required certificates.
- Advise corporate clients to submit Part B directly to RBI by June 30 annually.
Who it affects
AD Category-I banks, Indian companies receiving FDI, Foreign investors, RBI regional offices
What is the deadline for filing Part A of the revised FC-GPR?
Part A must be filed within 30 days of issue of shares to the foreign investor, through the AD Category-I bank, to the concerned RBI Regional Office.
Who submits Part B and by when?
Part B is an annual report submitted directly by the company to RBI's Balance of Payment Statistical Division by June 30 every year, covering all investments made during the financial year.
What additional document must AD banks obtain under the revised form?
AD banks receiving the remittance must obtain a KYC report on the foreign investor from the overseas remitting bank. If the remittance-receiving bank differs from the filing bank, the latter must include a certificate from the former confirming inward remittance and KYC.