Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026
UR
- Applies toBanks that handle foreign money
- StatusIn force
- IssuedJun 29, 2026
- Amendmentsnone tracked
- Length5 points in 3 sections · 1 min read
The four dates on this rule
- PublishedJun 29, 2026The day RBI put this document out. This is the same day as the Issued date on this rule.
- Starts to applyDate of publication in the Official GazetteThe day this rule starts to apply, as RBI's own text states it.
- 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 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.
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.
Do it
1. IFSC meaning
Banks must use the same meaning of IFSC as in the 2019 Act.
2. NRO to SNRR process
NRO to SNRR transfers must follow Schedule 3 of these rules.
Background
1. start date
The amendment is valid from its Official Gazette publication date.
2. who can open SNRR
Any person living outside India may open and keep an SNRR account.
3. NRO to SNRR credit
Transfer from NRO to SNRR is an allowed credit within the stated limit.