Circular · Reserve Bank of India
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
UR
- Applies toBanks that handle foreign money
- StatusIn force
- IssuedJun 24, 2026
- Amendmentsnone tracked
- Length2 points in 2 sections · 1 min read
The four dates on this rule
- PublishedJun 24, 2026The day RBI put this document out. This is the same day as the Issued date on this rule.
- 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 693 words long. It states 2 separate rules. So the page carries 2 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.
At a glanceAuthorised Persons may share this circular with their related customers. Annex lists earlier circulars that are now withdrawn and not in force.
Kept in your browser only. Your desk
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.
Background
1. Old circulars withdrawn
Annex lists earlier circulars that are now withdrawn and not in force.
2. May tell customers
Authorised Persons may share this circular with their related customers.