What are the main requirements for the institutions named in the rule?

Use the new FLM-8 format, which now includes write-off details of foreign currency notes. You do not need Reserve Bank approval to write off foreign currency notes above USD 2000.

Which earlier RBI rules does this replace?

Banks no longer need to use the earlier FLM-1 to FLM-7 register formats under Reporting under FEMA. The quarterly return on foreign currency accounts from export cash and traveller cheques is no longer required.

Regulatory document · Reserve Bank of India

Modification of Returns / Reporting requirements under FEMA, 1999

Applies toBanks that handle foreign money
StatusIn force
ImportanceMUST READ
IssuedJun 24, 2026
Amendmentsnone tracked
Length11 points in 4 sections · 2 min read

The four dates on this rule

PublishedJun 24, 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 988 words long. It states 11 separate rules. So the page carries 11 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.

At a glanceIf you use Nostro accounts and report through FETERS, you must not file FLM-8 returns.

Official RBI page

What it says

Must know

1. no FLM-8 for Nostro users

If you use Nostro accounts and report through FETERS, you must not file FLM-8 returns.

2. franchisee list filing

Authorised Persons must file a list of franchisee tie-ups within 15 days after every calendar quarter.

3. MTSS sub-agent list

Indian Agents under MTSS must file their Sub-Agent list every quarter within 15 days after quarter end.

Do it

1. FFMCs records duty

Full fledged money changers must keep full and correct records of every foreign exchange deal they do.

2. collateral adequacy still needed

Indian Agents must still keep enough collateral as per the current rules.

Background

1. revised FLM-8 use

Use the new FLM-8 format, which now includes write-off details of foreign currency notes.

2. no RBI nod for write-off

You do not need Reserve Bank approval to write off foreign currency notes above USD 2000.

3. old FLM registers ended

Banks no longer need to use the earlier FLM-1 to FLM-7 register formats under Reporting under FEMA.

4. foreign currency account return

The quarterly return on foreign currency accounts from export cash and traveller cheques is no longer required.

5. extra MTSS locations list

Indian Agents need not send a separate list of extra locations under the money transfer scheme now.

6. MTSS collateral return ended

The return on collateral for the money transfer scheme has been stopped.