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
- ImportanceMUST READ
- 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.
- Starts to applyNot statedNot stated separately in this document. Read the rule itself before you assume a start date.
- Time to get readyNot statedCannot be worked out until the day it starts to apply is known.
- 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
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.
4. Inform customers
Banks must tell their relevant customers about the rules in this circular.
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.