RBI Amends Mode Of Payment And Reporting Requirements For Non-Debt Instruments

The RBI has amended the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 (‘Reporting Regulations’) by way of an amendment dated June 13, 2026. The amendments will come into force from the date of their publication in the Official Gazette.

Pursuant to the amendment, RBI has revised the payment and remittance framework for investments by individual persons resident outside India, including Non-Resident Indians (‘NRIs’) and Overseas Citizens of India (‘OCIs’), on a repatriation basis. Prior to the amendment, investments by NRIs and OCIs were permitted as inward remittance from abroad through banking channels or out of funds held in an NRE account maintained in accordance with the Deposit Regulations. Post the amendment, individual residents outside of India including NRIs and OCIs can make investments by inward remittance through banking channels or out of funds held in permitted repatriable deposit accounts maintained in accordance