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Regulatory document · Reserve Bank of India

Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026

UR

The four dates on this rule

This rulebook is short, and the page is short with it. This document is 1141 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.

At a glanceBanks must use the same meaning of IFSC as in the 2019 Act. Any person living outside India may open and keep an SNRR account. The amendment is valid from its Official Gazette publication date.

Official RBI page

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. IFSC meaning

RBI Para 2 · Stated by RBI

Banks must use the same meaning of IFSC as in the 2019 Act.

2. NRO to SNRR process

RBI Para 8 · Stated by RBI

NRO to SNRR transfers must follow Schedule 3 of these rules.

Background

1. start date

RBI Para 1 · Stated by RBI

The amendment is valid from its Official Gazette publication date.

2. who can open SNRR

RBI Para 3(4) · Stated by RBI

Any person living outside India may open and keep an SNRR account.

3. NRO to SNRR credit

RBI Para 4 · Our reading

Transfer from NRO to SNRR is an allowed credit within the stated limit.

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