Liberalisation of Foreign Portfolio Investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019
UR
- Applies toBanks that handle foreign money
- StatusIn force
- IssuedJun 15, 2026
- Amendmentsnone tracked
- Length6 points in 3 sections · 1 min read
The four dates on this rule
- PublishedJun 15, 2026The day RBI put this document out. This is the same day as the Issued date on this rule.
- Starts to applyJun 15, 2026The day this rule starts to apply, as RBI's own text states it.
- Time to get readyNoneIt starts to apply on the day it was published.
- Last date to actNot statedNo date to act by was found in this document. Other dates may sit inside single paragraphs.
This rulebook is short, and the page is short with it. This document is 979 words long. It states 6 separate rules. So the page carries 6 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.
Kept in your browser only. Your desk
Show me the points for
Nothing is removed from the page.
Show me the points about
5 of the 6 points name no product and bind every product. All products.
What it says
How firm is each point
Stated by RBI — RBI’s own paragraph says this. We have only made it plainer.
Our reading — BankPulse read RBI’s paragraph and shortened it. The paragraph is the authority, not this line.
Needs judgement — RBI leaves this to the bank to settle, so nobody can give you a fixed number here.
Do it
1. Report and monitor
Banks must report these deals and watch limits like they do for non-resident Indians and overseas citizens of India.
2. Ensure full compliance
Banks must ensure these investments follow the Rules, the Regulations and all relevant Securities and Exchange Board of India rules.
3. Systems and procedures
Banks must set up proper internal systems and steps to check that these investments meet all rules.
Background
1. Open INR account
Banks can open a repatriable rupee account for such non-resident investors for Schedule III investments.
2. Effective immediately
These directions apply from now, without any wait.
3. May inform customers
Banks may tell their relevant customers about the rules in this circular.